Goldman Sachs CEO David Solomon ‘bragged about having oral sex the night before’: complaint

Goldman Sachs CEO David Solomon bragged about his sexual prowess to a group of male colleagues, according to a bombshell lawsuit that led to a secret $12 million settlement with a female partner.

The head of Wall Street’s top investment bank boasted to subordinates that he was the only one in the group to have received oral sex the previous night, according to a complaint released Tuesday Bloomberg News.

Solomon’s alleged boasting, which took place sometime shortly after he acquired the firm in 2018, was part of the former Goldman partner’s lawsuit, which accused the investment bank of promoting a sexist culture.

Bloomberg reported that at least three executives heard or heard of Solomon’s alleged remark at the time. The alleged incident drew attention because it was considered so out of character for the 60-year-old chief executive, they told the publication.

Solomon’s alleged statement was not the focus of the lawsuit, which alleges that Goldman pays women less than men for the same work and that the company condones crude and vulgar language from senior officials.

Solomon, 60, is said to have boasted to a group of male colleagues that he was the only one in the group to have received oral sex the previous night.
Solomon, 60, is said to have boasted to a group of male colleagues that he was the only one in the group to have received oral sex the previous night.
REUTERS

However, Goldman agreed to pay the female executive “well over” $12 million as part of a secret settlement two years ago that has only now surfaced, Bloomberg reported. According to the outlet, it’s probably the biggest payout of its kind.

According to Bloomberg, none of the executives who heard about Solomon’s alleged sexual boast were aware that it was quoted in the late partner’s complaint.

“Bloomberg’s reporting contains factual errors and we dispute that story,” said Kathy Ruemmler, general counsel at Goldman. “Anyone who works with David knows his respect for women and his vast experience in creating an inclusive and supportive environment for women.”

The lawsuit also alleged that other top executives, including former head of investment research Steven Strongin, had made disparaging remarks about women.

According to Bloomberg, Goldman was eager for a settlement as the bank sought to publicize its efforts to improve diversity among its senior ranks.

The partner, who never went public with her allegations, now works for another company. Bloomberg did not reveal her identity.

News of the settlement is the latest black eye for Goldman, which has been accused of promoting a hostile work culture towards women.

In September, Unsealed legal documents showed that dozens of women who worked at Goldman more than a decade ago described how they allegedly faced discrimination, sexual harassment and sexual assault at the hands of male managers.

The alleged remarks were quoted in a complaint filed by a former partner alleging a hostile work culture for women.
The alleged remarks were quoted in a complaint filed by a former partner alleging a hostile work culture for women.
Reuters

The unsealed documents were part of a class action lawsuit filed against the bank by around 1,400 plaintiffs allege indecent and criminal behavior by senior bankers at company.

The document list at least 75 reported cases of sexual misconduct by male managers and seven criminal charges Charged with serious crimes, including rape, attempted rape and sexual assault.

Earlier this year, former Goldman banker Jamie Fiore Higgins published a memoir alleging that the Manhattan headquarters of the investment bank was so full of misogyny that a colleague kept a chart that ranked female recruits by their “F-kability” and stated, “I want boob size and A shape.”

According to Bloomberg News, Goldman is said to have settled the lawsuit for more than $12 million.
According to Bloomberg News, Goldman is said to have settled the lawsuit for more than $12 million.
AFP via Getty Images

Higgins, 46, of Somerset County, New Jersey, writes that it was her told by a male colleague that she was promoted “because of her vagina”. and that she was the target of “moo” noises from coworkers who made fun of her weight after she gave birth to her fourth child.

On another occasion, she claims, she was forcibly nailed to a wall by a male colleague, “who wrapped her up [his hand] around my jaw” and threatened her while she hung in mid-air.

Higgins is the author of “Bully Market: My Story of Money and Misogyny at Goldman Sachs”, which is currently Amazon’s #1 bestseller in the “Financial Services Industry” category.

The investment bank issued a statement to The Post, which said: “Had Ms. Higgins raised these allegations with our Human Resources department at the time, we would have investigated them thoroughly and addressed them seriously.”

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