The anticipated elevation of Mr. Solomon, a Goldman veteran who moonlights under the name D.J. Unlike Mr. Blankfein and Mr. Schwartz, Mr. Solomon is not steeped in the firm’s cutthroat trading culture. For the past year, the relationship between Mr. Schwartz and Mr. Solomon has been chilly at times. Mr. Schwartz said that unless he was tapped as chief executive in the coming months, he would resign. Mr. Blankfein expressed his preference for Mr. Solomon, said the person who was briefed on the meeting, and the board agreed.

Source: New York Times March 12, 2018 13:29 UTC