All posts tagged: Sachs

Goldman Sachs lawyer Kathryn Ruemmler to step down

Goldman Sachs lawyer Kathryn Ruemmler to step down

FILE PHOTO: White House counsel Kathryn Ruemmler listens as President Barack Obama speaks at an installation ceremony for FBI Director James Comey at FBI Headquarters in Washington, Monday, Oct. 28, 2013. Charles Dharapak | AP Top Goldman Sachs lawyer Kathryn Ruemmler said Thursday night that she will leave the investment bank at the end of June, a decision that came after a flurry of news articles highlighting documents detailing the former White House counsel’s often chummy email conversations with the notorious sex predator Jeffrey Epstein. Goldman, for months, has defended Ruemmler after Congress and then the Department of Justice released emails between her and Epstein, as well as other documents related to investigations of him. Ruemmler, who has been a key advisor to Goldman CEO David Solomon since joining the bank in 2020, told The Financial Times on Thursday, “I made the determination that the media attention on me, relating to my prior work as a defence attorney, was becoming a distraction.” The FT first reported the 54-year-old’s decision to leave Goldman. “Since I joined …

Robert Mnuchin, Goldman Sachs Power Broker Turned Influential Art Dealer, Dies at 92

Robert Mnuchin, Goldman Sachs Power Broker Turned Influential Art Dealer, Dies at 92

Robert Mnuchin, the Wall Street pioneer who became one of New York’s most respected art dealers and a fixture at blue-chip auctions, died on Friday at his home in Bridgewater, Connecticut. He was 92. His death, first reported by the New York Times, was confirmed by his stepdaughter, Lisa Hedley Wick.  Mnuchin was unusual in having two long and highly successful careers. At Goldman Sachs, he was a central figure in the rise of block trading in the 1960s and ’70s, helping build the firm’s institutional equities business under managing partner Gustave Levy. By 1978, the Wall Street Journal described him as “the acknowledged dean of block traders,” rivaled only by Salomon Brothers’ Michael Bloomberg. His skill on the trading floor—an encyclopedic recall of buyers and sellers, an instinct for pressure and timing—made him a legend inside the firm. He became a partner in 1967, co-headed trading and arbitrage by 1976, and joined the firm’s powerful management committee in 1980. He retired in 1990.  That same set of instincts—competitive, analytic, and deeply interpersonal—animated his second act. After …