Goldman Sachs, David Solomon, Diversity, Ipos, Ipo 2019, Ipo 2020, Wework, Wework Failed Ipo

Goldman Sachs, David Solomon

Goldman Sachs CEO says no IPOs for companies without at least one 'diverse' board member starting in July | Markets Insider

Goldman Sachs CEO says no IPOs for companies without at least one 'diverse' board member starting in July

23.1.2020

Goldman Sachs CEO says no IPOs for companies without at least one 'diverse' board member starting in July

Goldman Sachs CEO David Solomon said Thursday in an interview with CNBC in Davos, Switzerland that starting in July, the bank won't help compani...

in Davos, Switzerland that starting in July, the bank won't help companies without at least one"diverse" board member, with a focus on women, go public. In 2021, Solomon said the bank will require at least two diverse candidates. "We might miss some business," Solomon said."But in the long run, this I think is the best advice for companies that want to drive premium returns for their shareholders." Read more on Business Insider. Goldman Sachs is putting its foot down when it comes to the board diversity of companies it helps with the initial public offering process. "Starting on July 1st in the US and Europe, we're not going to take any company public unless there's at least one diverse board candidate, with a focus on women," Goldman Sachs CEO David Solomon said Thursday in an interview with CNBC from the World Economic Forum in Davos, Switzerland. In 2021, that number will increase to two diverse board members, Solomon said in the interview. He prefaced the announcement by explaining the value he sees in having diverse leadership at the helm of public or newly public companies. Over the last four years,"the performance of IPOs where there's been a woman on the board in the US is significantly better than the performance of IPOs where there hasn't been a woman on the board," he said. The new rule is a small step, but one in the right direction, Solomon said. Solomon also said that Goldman could work with clients to find and add women candidates to their boards. "We might miss some business," he said."But in the long run, this I think is the best advice for companies that want to drive premium returns for their shareholders." Goldman Sachs has four women on its board of 11. Board-member diversity has been a hot-button issue for public companies for some time. In 2017, State Street, one of the largest asset managers in the world, launched the on Wall Street to pressure companies to add more women to their boards. In 2018, California passed a law requiring that all publicly listed companies with headquarters in the state have at least one woman on their boards of directors by the end of 2019. The law mandates that by 2021 those companies must have at least two women directors if the company has five total directors, and three women if the company has six or more directors. Companies that don't comply are subject to fines. But Goldman Sachs' announcement is one of the most significant calls for diversity on the boards of public companies, especially as the firm is one of the top underwriters for IPOs globally. In 2019, Goldman Read more: Business Insider

So, when are USA women going to demand their right to have the honor to sign up for selective services which ALL male USA citizens are OBLIGATED by law? Not really equal yet, are you? Do illegals sign up? Yeah, I see equal happening all over this place! MAGA howdoyoulikeusnow Bring back Lloyd. Hi, I’m diverse and brown. I’ll be more than happy to be on your bored with zero experience so your company can qualify for a low low fee of 30k a year lol 😊

Lol 1 Sad. So more white women on the boards then. How about promising no IPOs that defraud retail investors GoldmanSachs

Goldman Sachs CEO On WeWork: ‘I’m Not Sure That We Got It So Wrong' Goldman Sachs CEO, David Solomon , defended the bank’s work on WeWork’s failed IPO, even after it cost Goldman $80 million by skleb1234

Goldman Sachs' new rule: At least 1 woman on the board or you can't go public Goldman Sachs won't take companies public anymore unless they have at least one 'diverse' board member, the bank's CEO David Solomon said Thursday. good. You misspelled token One ☝️ that’s it?

Goldman Sachs' new rule: At least 1 woman on the board or you can't go public Goldman Sachs won't take companies public anymore unless they have at least one 'diverse' board member, the bank's CEO David Solomon said Thursday. good. You misspelled token One ☝️ that’s it?

Goldman Sachs CEO On WeWork: ‘I’m Not Sure That We Got It So Wrong' Goldman Sachs CEO, David Solomon , defended the bank’s work on WeWork’s failed IPO, even after it cost Goldman $80 million by skleb1234

IPO demand is strong for 2020, say NYSE president and Nasdaq CEONew York Stock Exchange President Stacey Cunningham spoke to CNBC's 'Squawk Box' on Thursday from the World Economic Forum's annual meeting in Davos. Hahahahahahahahahahahaha Suuuuuuure. DoorDash Casper Instacart etc etc

Boeing CEO says taking fresh look at potential mid-market aircraftBoeing Co is taking a fresh look at a potential new mid-market aircraft, Chief E... Build planes that don’t kill people They fucked up on a biblical scale. They discontinued the 757 production banking that the Max's would fill the void, but its a defective design that was supposed to be hidden/covered up by superior software. We all see how that's turning out. Boring cannot afford to underestimate the publics lack of confidence in the 737 Max now. They need to scrap that line irrespective of the cost, or at least show a replacement of the computer systems with one used in existing aircraft, & ditch the 737 Max name



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