• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

2

Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

3

Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998

1

Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

2

Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

3

Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998
FinanceGoldman Sachs Group

Goldman’s Jim Esposito to retire after nearly 3 decades: ‘Sometimes you have to pause to acknowledge the chapters you’ve written’

Luisa Beltran
By
Luisa Beltran
Luisa Beltran
Finance Reporter
Down Arrow Button Icon
Luisa Beltran
By
Luisa Beltran
Luisa Beltran
Finance Reporter
Down Arrow Button Icon
January 31, 2024, 12:43 PM ET
Jim Esposito speaking at conference.
Jim Esposito is set to leave Goldman Sachs.Brendan McDermid—Reuters
Add Fortune on Google for similar content.

Calls for Goldman Sachs CEO David Solomon to leave may have died down, but that’s not stopping executives from departing the storied investment bank.

The latest is Jim Esposito, co-head of banking and markets, who’s set to leave the firm after nearly 30 years. Esposito joined in 1995 as a salesperson for emerging markets debt. In 2002, he was named a managing director and in 2006 was made partner, according to his official bio.

In a Monday post on LinkedIn, Esposito wrote that he’d been consumed with a feeling of “merely going through the motions,” which isn’t in his DNA or what made Goldman so special. “No formal plans for what comes next, which feels like the ultimate luxury after going full out for decades. Standing at a crossroads, sometimes you have to pause to acknowledge the chapters you’ve written.”

Esposito played an important role in bringing together Goldman’s global markets and investment banking franchises to form its global banking and markets business, Solomon wrote in a memo to employees seen by Fortune. “No matter the role, Jim has dedicated himself to our business with a keen focus on serving our clients, promoting effective risk management and enhancing the culture of the firm,” Solomon wrote.

Partners leaving Goldman isn’t new. Executives typically move on when they are asked to, retire, or find something new. For example, Chris Kojima has joined the private equity firm General Atlantic as global head of capital solutions, according to a statement on Monday. GA is looking to be the latest PE firm to list its shares and has confidentially filed to go public, Bloomberg reported in December. Kojima spent nearly 29 years at Goldman, where most recently he was a partner and global co-head of the client solutions group. Julian Salisbury, who was named CIO of Goldman’s asset and wealth management division in a 2022 reorganization, officially started at Sixth Street this month. His departure from Goldman was announced in July.

Esposito, after leaving his current position, will become a senior director, the memo said. His retirement is expected in the next few months, a person familiar with the situation said.

One former Goldman executive told Fortune he wasn’t surprised that Esposito decided to walk away after realizing Solomon wouldn’t be leaving anytime soon. Esposito aspired to be president or CEO of Goldman, the Wall Street Journal reported Monday.

Solomon came under intense criticism last year for his prickly leadership style, for Goldman’s push into consumer banking that resulted in the sale of GreenSky, and for his side gig as a DJ. (Solomon is no longer pursuing this hobby.) Some partners complained about Goldman’s troubles, including former CEO Lloyd Blankfein, raising questions about the bank’s leadership, the New York Times reported in August.

That died down when Adebayo “Bayo” Ogunlesi, the founder, chairman, and CEO of Global Infrastructure Partners and the lead director of Goldman’s board, came to Solomon’s defense. Ogunlesi told Mike Mayo, a Wells Fargo equity analyst, in the fall of 2023 that Solomon had the backing of Goldman’s board. In a Sept. 18 research note, Mayo wrote, in part: “Our meeting with the board’s lead director leads us to conclude that the CEO will stay in his role for at least the medium term.” (Ogunlesi is expected to leave the GS board once BlackRock closes its $12.5 billion acquisition of GIP.)

Solomon should be safe for now, said the former Goldman exec who spoke to Fortune. It certainly doesn’t hurt that Goldman’s recent earnings report surpassed Wall Street estimates. The firm reported that fourth-quarter profit rose 51% to $2.01 billion compared with a year earlier, while diluted earnings per share jumped 65% to $5.48, according to a statement. Quarterly net revenue rose 7% to $11.3 billion.

Goldman Sachs shares since early January 2023 are up about 12%, compared with rival Morgan Stanley gaining just 2% over that same span.

About the Author
Luisa Beltran
By Luisa BeltranFinance Reporter
LinkedIn icon

Luisa Beltran is a former finance reporter at Fortune where she covers private equity, Wall Street, and fintech M&A.

See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Finance

Russia’s fuel crisis is so bad that a mom and her baby waited in line for 18 hours to get gas — ‘Are we in the Soviet Union?’
EnergyRussia
Russia’s fuel crisis is so bad that a mom and her baby waited in line for 18 hours to get gas — ‘Are we in the Soviet Union?’
By Jason MaJuly 4, 2026
5 hours ago
U.S. debt is a looming crisis today but was once its own revolutionary masterstroke that helped launch a global financial superpower
EconomyDebt
U.S. debt is a looming crisis today but was once its own revolutionary masterstroke that helped launch a global financial superpower
By Jason MaJuly 4, 2026
8 hours ago
Trump Accounts are now available for kids. Here’s where the money will be invested in the stock market—in line with Warren Buffett’s advice
InvestingStock
Trump Accounts are now available for kids. Here’s where the money will be invested in the stock market—in line with Warren Buffett’s advice
By Jason MaJuly 4, 2026
10 hours ago
Iran’s envoy to China says Beijing to get Hormuz concessions
EnergyOil
Iran’s envoy to China says Beijing to get Hormuz concessions
By BloombergJuly 4, 2026
12 hours ago
Ukrainian drones target more Russian oil infrastructure as fuel crisis adds political pressure on Putin, who shrugs off attacks as ‘not critical’
EnergyUkraine invasion
Ukrainian drones target more Russian oil infrastructure as fuel crisis adds political pressure on Putin, who shrugs off attacks as ‘not critical’
By The Associated PressJuly 4, 2026
12 hours ago
Costco CEO promises the $1.50 hot dog isn’t going away: ‘The price will not change as long as I’m around’
RetailCostco
Costco CEO promises the $1.50 hot dog isn’t going away: ‘The price will not change as long as I’m around’
By Sydney LakeJuly 4, 2026
14 hours ago

Most Popular

Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living
Success
Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living
By Preston ForeJuly 4, 2026
20 hours ago
Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs
Law
Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs
By Wyatte Grantham-Philips and The Associated PressJuly 2, 2026
2 days ago
Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998
AI
Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998
By Nick LichtenbergJuly 3, 2026
2 days ago
Economists have found an answer to slowing cognitive decline: Avoid retiring early, study finds
Economy
Economists have found an answer to slowing cognitive decline: Avoid retiring early, study finds
By Sasha RogelbergJuly 2, 2026
2 days ago
$25 billion CEO says one-hour interviews are a waste of time—he puts candidates through six hours of tests and wants them to order wine at lunch
Success
$25 billion CEO says one-hour interviews are a waste of time—he puts candidates through six hours of tests and wants them to order wine at lunch
By Orianna Rosa RoyleJuly 3, 2026
2 days ago
Three dads started selling hats from a garage with $750—now they’ve sold $35 million worth, partnered with Gary Vee, and grown a community of fathers
Success
Three dads started selling hats from a garage with $750—now they’ve sold $35 million worth, partnered with Gary Vee, and grown a community of fathers
By Preston ForeJuly 4, 2026
17 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.