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The Gamble That Put David Soloman on Top at Goldman Sachs By Liz Hoffman | Mar 16, 2018
TOPICS: Leader Characteristics
SUMMARY: In the spring of 2014, Las Vegas tycoon Sheldon Adelson floated an offer to David Solomon: come run his casino empire. Mr. Solomon, a senior Goldman Sachs executive, was 52 years old and seen as a long shot to become CEO of the bank. But Mr. Solomon turned down the job, and that patience paid off this week.
CLASSROOM APPLICATION: Leadership success and promotion opportunities are driven by the performance achieved by the leader and often attributed to the leader's style.
Leaders that are driven to achieve results and foster an effective culture receive promotion opportunities. This article discusses the leadership approach of David Soloman and his impact at Goldman Sachs.
QUESTIONS:
1. (Introductory) What is Mr. Soloman's leadership success?
2. (Advanced) How did Mr. Soloman build his career at Goldman Sachs? Offer two ideas from the article.
3. (Advanced) Why doesn't Mr. Soloman fit the mold of a classic investment banker? What are his leadership qualities?