It comes after Mr Solomon last year played at Lollapalooza, the four-day music festival in Chicago alongside acts such as Metallica, Dua Lipa and Green Day.In a post on his personal Instagram account at the time, Mr Solomon said: “Lolla was full of special moments, but this was the best” in a nod to a performance of his song “Learn To Love Me”.
Critics of Mr Solomon’s side gig have argued it is a distraction to his day job leading Wall Street’s most prestigious bank.It has also created disquiet among Goldman’s board of directors, some of whom were reportedly uneasy about Mr Solomon’s appearance in 2019 at Tomorrowland, a Belgian music festival known for drug-taking.A Goldman Sachs spokesman told the, which first reported the development: “This is not news.
Mr Solomon has faced a tumultuous few months, with Goldman hit by a string of high-profile resignations and a series of media reports that questioned his running of the bank.Profits at Goldman have also been falling for more than a year after an ill-fated bet on consumer lending wracked up billions in losses.Goldman will report its third quarter results later on Tuesday.