Goldman Sachs - Kathy Ruemmler's Genteel Exit
Well, it happened. Finally.
After so much attention to Kathy Ruemmler's relationship with Jeffrey Epstein (Uncle Jeffrey) an exit from the top-lawyer job at Goldman Sachs is announced.
So genteelly.
It's positioned and packaged as her decision to leave. As the days go on we'll probably learn more.
No crisis-drama rush out the door. She'll be around until June 30th. Time to tie up loose ends and such.
And gush from Goldman CEO David Solomon. The Wall Street Journal reports:
“'Throughout her tenure, Kathy has been an extraordinary
general counsel, and we are grateful for her contributions and sound advice on
a wide range of consequential legal matters for the firm,' Solomon said."
At ag 54, she should still have lots of career runway. But will the reputational damage be as severe as it has been for other Friends of Jeffrey such as Leon Black, Larry Summers and Casey Wasserman? During her career, before the Epstein Files, when it came to big jobs Ruemmler had the pick of the litter. Probably her only bit of unfinished business was not making the right moves to be considered for a job at Meta. She had plenty of champions, ranging from former US President Barack Obama to Brad Karp, former chair at Paul, Weiss.
Now? All eyes will be on her next. What will be open to her? If she does have a second chance she might blow it as did journalist Olivia Nuzzi. It is difficult to halt the momentum of a downward trajectory.
In my intuitive coaching, tarot-readings I warn clients of red flags in networking. One is gift-bombing. Gifts impose obligations. What was Epstein expecting in return for the bling?
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