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Goldman’s Inside Man & Peltz’s Disney Fantasia

The new lead independent director of Goldman Sachs will be David Viniar, the firm’s longtime chief financial officer.
The new lead independent director of Goldman Sachs will be David Viniar, the firm’s longtime chief financial officer. Photo: Chip Somodevilla/Getty Images
William D. Cohan
January 21, 2024

There’s nothing like the old, flying-back-from-Davos-on-the-G650, late Friday afternoon news dump, courtesy of our friends at Goldman Sachs. Last Sunday, I raised the question of who would replace Bayo Ogunlesi as the lead independent director of Goldman now that the Nigerian investment banker and money manager is selling his firm, Global Infrastructure Partners, to BlackRock for $12.5 billion and joining its board. He obviously couldn’t both be the lead director of Goldman and on the board of BlackRock. I’m also sure that David Solomon was not that happy that Bayo didn’t use Goldman as an adviser (he used Evercore) or give Solomon the chance to buy the company. So they will be parting ways, with Bayo exiting the board after Goldman’s annual shareholder meeting in the spring.