After it announced this week it would slash jobs amid an earnings slump, execs are passing the buck — claiming the CEO is dazzled by rock star bankers.
, the finger-pointing between top execs has begun — and, unsurprisingly, it has turned nasty almost immediately.
The Wall Street giant announced this week that it would slash jobs with earnings in a slump — and even said that it isSome c-suite sourpusses say that the company under the leadership of CEO David Solomon is too focused on flashy executives with “personal brands,” rather than knuckling down to the good old-fashioned hard work of making rich people richer with very little effort.as DJ D-Sol now that the economy is in a spin.
We’re told that top execs are less tickled by Solomon’s sideline as a DJ now that the economy is looking more grim.Meanwhile there’s much grumbling about Solomon’s soft spot for rock star bankers — for example Kim Posnett, who has rocketed through the ranks in recent years, and is often to be seen speaking on panels, attending galas and sitting for interviews, while — the insiders claim — many of her actual deals have fallen flat.
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