Bloomberg - Goldman's finest wait on big decision

Disco Ball Lights

The bonhomie was flowing as a cadre of senior Goldman Sachs investment bankers convened in July at Silo Ridge, a private enclave set among the rolling hills of New York’s Hudson Valley.

Bloomberg News reports that, officially, the retreat two hours north of Manhattan was to talk strategy for the firm’s investment banking division, and enjoy a round or three on the club’s Tom Fazio-designed golf course.

Unofficially, it was something more: a quiet celebration and pregame for an era to come. The unit’s former leader, David Solomon, had just that week been named the firm’s next chief executive officer. Now, anticipation was building that the man leading the annual off-site, John Waldron, would grab the second-highest post - becoming a president of the bank. It would mean even greater clout for their business.

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