Goldman Turning to 'Make-or-Break' Unit for Path Forward

The transcript discusses the challenges faced by Goldman Sachs' asset and wealth management unit, highlighting the importance of achieving higher multiples similar to Morgan Stanley. It emphasizes the role of Investor Day in changing the narrative and leadership challenges faced by David Solomon. The comparison with Morgan Stanley's past performance and the impact of partner bonuses are also discussed.

What is the significance of the asset and wealth management unit for Goldman Sachs?

What strategies might Solomon employ to change the negative narrative surrounding Goldman Sachs?

What challenges is David Solomon facing in his role as chief executive?

How does the performance of Goldman Sachs' trading and investment banking compare to Morgan Stanley?

What impact do partner bonuses have on the morale and confidence of Goldman Sachs employees?