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David Solomon

πŸ‘€ Speaker
1562 total appearances

Appearances Over Time

Podcast Appearances

Odd Lots
Goldman Sachs CEO David Solomon on Running a Bank in the Age of AI

Look, during the week,

Odd Lots
Goldman Sachs CEO David Solomon on Running a Bank in the Age of AI

I would say I look at the stock price most days during the week, but it depends on what I'm doing.

Odd Lots
Goldman Sachs CEO David Solomon on Running a Bank in the Age of AI

If I'm in the office, if it happens to be a day when I'm in the office going from meeting to meeting and in between meetings, you know, I jump on my desktop and I'm responding to emails or making telephone calls, the screen's up.

Odd Lots
Goldman Sachs CEO David Solomon on Running a Bank in the Age of AI

And I'm looking at our stock price, but I'm looking at a bunch.

Odd Lots
Goldman Sachs CEO David Solomon on Running a Bank in the Age of AI

I'm trying to look at what's going on in the market, have an absorption as to what's going on in the market that day.

Odd Lots
Goldman Sachs CEO David Solomon on Running a Bank in the Age of AI

If it's a day where I'm in a bunch of meetings and I'm on the road, I might not look at the stock price at all, but probably at the end of the day, I'd look and say, hey, what happened today?

Odd Lots
Goldman Sachs CEO David Solomon on Running a Bank in the Age of AI

And by the way, it's not just our stock price.

Odd Lots
Goldman Sachs CEO David Solomon on Running a Bank in the Age of AI

It's actually what happened in the market today.

Odd Lots
Goldman Sachs CEO David Solomon on Running a Bank in the Age of AI

For me to be effective, I have to be super in touch with what's happening in the market every day.

Odd Lots
Goldman Sachs CEO David Solomon on Running a Bank in the Age of AI

And I spend time on the weekend also catching up on it.

Odd Lots
Goldman Sachs CEO David Solomon on Running a Bank in the Age of AI

You know, from my perspective about our stock price, of course, it's human nature.

Odd Lots
Goldman Sachs CEO David Solomon on Running a Bank in the Age of AI

I'm going to look and see.

Odd Lots
Goldman Sachs CEO David Solomon on Running a Bank in the Age of AI

But what I really care about is kind of year to year to year.

Odd Lots
Goldman Sachs CEO David Solomon on Running a Bank in the Age of AI

And what I really believe deeply, and it's been one of the things our leadership team has really been focused on for the last eight years, is if you grow the earnings of the firm, if you invest in growth in the firm and you grow the earnings of the firm, the stock will do just fine.

Odd Lots
Goldman Sachs CEO David Solomon on Running a Bank in the Age of AI

The multiple will move around.

Odd Lots
Goldman Sachs CEO David Solomon on Running a Bank in the Age of AI

But if you grow the earnings of the firm, the stock will do just fine.

Odd Lots
Goldman Sachs CEO David Solomon on Running a Bank in the Age of AI

And so we've been focused on investing in the business and growing the earnings of the firm.

Odd Lots
Goldman Sachs CEO David Solomon on Running a Bank in the Age of AI

And we've grown the earnings of the firm material.

Odd Lots
Goldman Sachs CEO David Solomon on Running a Bank in the Age of AI

We had our first investor day in January 2020, and we put out a plan, and we've been executing against that plan.

Odd Lots
Goldman Sachs CEO David Solomon on Running a Bank in the Age of AI

And since then, we've grown the revenues of the firm 65-ish percent.