NYT - The race to succeed Blankfein at Goldman

Lloyd Blankfein

In the early 1980s, Harvey M. Schwartz was working weekends in the cold room of a kosher butcher shop in New Jersey, shaping beef into hamburger patties.

The new York Times reports that two hundred miles away in upstate New York, David M. Solomon was a frat brother playing rugby and mulling an entry-level banking position.

More than three decades later, the two men are competing for what may be the most coveted job on Wall Street: running Goldman Sachs.

Longtime managers of separate arms of the company, Mr. Schwartz, 53, and Mr. Solomon, 55, were named co-chief operating officers and presidents of Goldman last December when Gary Cohn, who previously held the titles, joined the Trump administration. The dual promotions made the men overnight adversaries in the race to run Goldman — that is, whenever Lloyd C. Blankfein, its longstanding chairman and chief executive, steps aside.

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Inside the Race for the Top Job on Wall Street

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