Reported about 12 hours ago
Goldman Sachs is increasingly adopting private equity practices as key to its growth, evidenced by CEO David Solomon's $80 million retention package, which now includes carried interest similar to private equity firms. The bank has also formed a new capital solutions group to capitalize on the booming private credit market, driven by a shift in how companies view public versus private financing. Solomon noted the changing landscape, suggesting that more firms may opt to stay private longer due to increasing regulatory demands and public scrutiny.
Source: YAHOO