Finance

The Campaign Goldman’s CEO Waged to Silence Powerful Internal Critics

David Solomon was under siege from partners critical of his leadership; the firm launched a probe to identify leakers

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Goldman Sachs CEO David Solomon Photo: Ting Shen/Bloomberg News

David Solomon was fed up with his critics inside Goldman Sachs GS -1.18%decrease; red down pointing triangle. The time had come to crack down.

It was bad enough that Goldman partners were criticizing the chief executive’s leadership and bad-mouthing the storied bank’s costly expansion of consumer lending. What rankled Solomon even more was the suspicion that some of the naysayers were leaking details to reporters. Goldman launched a probe to figure out who was talking, according to people familiar with the probe.

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