Goldman Sachs CEO in hot water for using company jet for lavish getaways

Goldman Sachs CEO David Solomon isn’t an advocate for remote working, but he sure doesn’t mind the benefits of being able to work from any location. According to a new report, Solomon has been taking full advantage of the Goldman Sachs private jet with weekend trips to exotic locations.

Solomon, 59, has booked several weekend trips on the Goldman Sachs Gulfstream — the company’s new jet — with his latest being an excursion to the Bahamas on Friday, Bloomberg reported.

Solomon has used the company’s private jets to head off to several destinations recently, including the Hamptons and the Bahamas, according to the report. His latest excursion came on his 59th birthday, where he celebrated with family and associates “at an exclusive enclave” in Barbuda, Bloomberg reported.

Goldman Sachs only acquired the jets — two in total — in August after reportedly being hesitant to buying private jets. They’ve been used to search for office locations in Florida and Texas, but have also been used as charters for personal trips by Goldman Sachs executives, according to the report.

In a statement provided to Fox Business, Goldman Sachs defended Solomon and his work ethic.

“David has been running the firm from our headquarters at 200 West Street since the pandemic hit hard last March, and the results speak for themselves,” Goldman Sachs spokesperson Jake Siewert said, via Fox Business. “When he’s away for a weekend, David continues to work, pays for his own travel, follows Covid protocols, and is back in the office first thing on a Monday morning.”

Solomon’s behavior comes with criticism after he spoke out against remote working situations despite seemingly living his best life during the pandemic.

Solomon, who performs as “DJ D-Sol” on the side, was in hot water in the Hamptons over the summer when he performed at a concert where attendees ignored social-distancing guidelines and sparked an investigation by state officials.

His Hamptons trips also coincide with another episode that seemingly added fueled to Solomon’s anti-work-from-home rhetoric after he ran into a junior employee at a restaurant.

Per Bloomberg:

Few things annoyed Solomon more last year than an encounter with a junior employee in the Hamptons. The Goldman Sachs boss has told lieutenants how the underling walked up at a restaurant, introduced himself and pointed to associates with him — in the middle of a workday.

The tale has become the CEO’s go-to anecdote when he vents about his mostly-empty offices: proof that remote work has run amok.

Solomon’s war against remote work gained steam last month when he called working from home an “aberration” at the Credit Suisse Group AG conference.

“This is not ideal for us and it’s not a new normal,” Sachs said, according to Bloomberg. “It’s an aberration that we are going to correct as quickly as possible.”

Solomon criticized vaccination rollout as he tries to get employees back into the office. Bloomberg reported Goldman Sachs had about 25% of its workforce back in its offices in New York and London during the pandemic. Locations in Asia have welcomed back about half, according to the report.

“I am very focused on the fact that I don’t want another class of young people arriving at Goldman Sachs in the summer remotely,” Solomon said.