What David Solomon's ascent at Goldman Sachs signals about its future

Solomon rose through Goldman's financing operation and eventually ran the firm's top-ranked investment-banking arm for a decade

When Goldman Sachs Group’s leaders unveiled their strategy six months ago to reshape the Wall Street powerhouse into a more traditional bank, it was trading veteran Harvey Schwartz who led the presentation.
 
Now, it’s his top rival in the race to become the next chief executive officer, David Solomon, who appears poised to carry out the plan.
 
The abrupt emergence this week of Solomon, 56, as heir apparent to CEO Lloyd Blankfein marked a dramatic turn in fates for the men who spent 15 months vying as co-presidents for the top job — an outcome that will further