Multiple sources close to Cohen say they believe Cohen could be gone for good, with some claiming that she has felt mired in red tape.
Stephanie Cohen – a star banker seen as a possible candidate to become Goldman Sachs’ first female CEO – has gone on “leave,” but insiders say it’s unclear whether she will return.
“This isn’t an easy decision for me,” Cohen said in a memo last Friday. “This break will allow me to be the best I can be for Goldman Sachs upon my return, which is something I have taken pride in my entire career.” But multiple sources close to Cohen say they believe Cohen could be gone for good, with some claiming that she has felt mired in red tape.Accordingly, those sources say it’s unfair to pin blame entirely on Solomon. Instead, the sources say, it’s a case of Cohen looking for a gig that’s more nimble and entrepreneurial.“There was no appetite to take any risk because of regulatory oversight,” one source with knowledge of Cohen’s thinking told On The Money.
“She will be returning to Goldman Sachs,” Fratto added. “To suggest anything else is completely inaccurate and is relying on speculation from people who are in no position to know.”“This is Cohen leaving in a way that doesn’t embarrass David,” one source with knowledge of the decision said. “David can’t afford more people walking out.”
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