Topic: David Solomon

1 chapters across the catalog

Pale Male
Episode 1211 1:53:31 - 1:56:20

1211: Pale Male

Goldman Sachs, Diversity Mandate for IPOs

Goldman Sachs CEO David Solomon announced at Davos that the bank will no longer take companies public unless they have at least one "diverse" board member. This mandate requires a director who is not a white, straight male, with the threshold rising to two members next year. The hosts characterize this as a "token" requirement that will benefit a small group of professional minority board members.