Goldman Sachs CEO David Solomon is facing new scrutiny from congressional Democrats over his reported effort to retain the bank’s top lawyer months after she said she would resign over revelations about her ties to convicted sex offender Jeffrey Epstein.
In a letter sent Wednesday, Sen. Elizabeth Warren and Rep. Raja Krishnamoorthi said Solomon’s decision to retain Kathy Ruemmler as an adviser after her planned departure in late June raises questions about his “professional judgement and fitness” to continue leading one of Wall Street’s most powerful firms.
Ruemmler announced in February she would resign from Goldman Sachs after a series of reports, including a number of stories from CNN’s KFile team, chronicled her extensive ties to Epstein.
In their letter, the Democratic lawmakers have argued that Solomon’s handling of a controversy that engulfed Ruemmler and led to her resignation announcement earlier this year calls into question both his leadership and Goldman Sachs’s oversight of the matter.
“The information uncovered in recent months not only raises serious questions as to whether Goldman Sachs either failed to conduct proper due diligence or viewed Ruemmler’s relationship with Epstein as appropriate when appointing her as the firm’s top lawyer, but now calls into question your professional judgement and fitness to continue leading one of the largest banks in the United States,” the pair wrote.
