AMC, Disney, Now Maybe Goldman Sachs - CEO Job Security Worsens

"Grumbling grows for banking giant Goldman to 'Sach' CEO Solomon - A revolt in some quarters of Goldman’s middle and upper management ranks could determine how much longer he stays in his job." - New York Post, December 23, 2022.

Just like Disney CEO Bob Chapek and before that AMC CEO Christina Spade, David Solomon could be stepping down. That could be after a relatively short time in the big job of CEO. 

According to Korn Ferry the average tenure of CEOs is 6.9 years. That's down 14% from 2016. 

Chapek had been in the job less than 3 years.

Spade about 3 months.

Solomon took the job in October 2018. That's not long ago, is it.

When the CEOs go so does the power they held. If Solomon is nudged out there is bound to be a power quake within Goldman. In addition, vendors doing business with the old guard could be cut out. This long holiday weekend both employees and contractors should be assessing their exposure to a disruption in leadership.

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