Hello — Jeffrey Cane, Insider's finance editor, here. Goldman Sachs' purchase of two jets was among the big changes ushered in by CEO David Solomon. And it has led to some internal grumbling ever since. But where does Solomon fly to? Insider's Dakin Campbell shows for the first time where the jets have flown since the beginning of 2022. Take a trip along with the Wall Street elite — that's today's top story.
And here's what else we're covering: |
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THE LATEST Bed Bath & Beyond, NBCUniversal, & Zuckerberg |
- NBCUniversal CEO Jeff Shell is stepping down following an "inappropriate relationship" with a colleague. Read more here.
- Bed Bath & Beyond filed for bankruptcy after running out of options. So you've only got a couple days left to use the retailer's coupons.
- Mark Zuckerberg was grilled by angry employees who asked why executives received large bonuses during a year of layoffs and business turmoil. Read our scoop.
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THE BIG STORY Where Goldman's CEO flies |
Alex Wroblewski/Stringer via Getty Images; Alyssa Powell/Insider
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As shareholders of Goldman Sachs were showing their disappointment over management's presentations at February's investor day just hours earlier, the firm's chief executive, David Solomon, was floating high above the Atlantic. Cruising along at 43,000 feet, Solomon was aboard the firm's Gulfstream, bound for the Bahamas. It's a trip the CEO has made many times before, according to signal data for Solomon's planes and half a dozen people familiar with the CEO's schedule. Goldman insiders have been grumbling ever since about Solomon's personal jet use, to the Bahamas and elsewhere, considering it too flashy and ultimately unbecoming of a workaday Goldman CEO, Dakin Campbell reports. Insider compiled the flights taken by the Wall Street firm's two corporate jets from the beginning of 2022 through March of this year. See where they have traveled the most, often with the CEO aboard. |
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TOP READS 4-day workweek, Disney leak, & more |
- The science behind why the four-day workweek works so well. A growing body of evidence suggests that a four-day workweek can improve a workplace and make employees more satisfied — and experts say it could be even shorter. Read the full story.
- Saudi Arabia is aiming to build a futuristic city in the desert called NEOM by the year 2040. But some analysts believe that Chinese tech could be used to place residents under total surveillance. Read our story here.
- Where the ultra-wealthy are snapping up second homes. We're highlighting the 27 most popular places around the world that are attracting affluent seasonal residents, including South Africa and Italy. See them here.
- The White House is taking aim at the extra costs families incur to fly together on airplanes. Biden and his aides have added the surcharge to the list of so-called "junk fees" that he wants to end altogether. More here.
- Leaked memo reveals Disney's new finance structure as more layoffs loom. Thousands of Disney employees will be laid off this week, Bloomberg reported. The finance consolidation is part of CEO Bob Iger's effort to cut $5.5 billion in costs. More here.
- For the first time in 900 years, kings and queens from around the world are going to a British coronation. Ahead of King Charles' coronation on May 6, we've rounded up all the international royals who made the guest list, including Princess Charlene and Prince Albert II of Monaco, and Crown Prince Akishino and Crown Princess Kiko of Japan. See the full list here.
- Why Shiv and Tom are "incredibly likely" to get back together on "Succession." A couples therapist told Insider why big changes might prompt them to stay together. Warning: Major spoilers for "Succession" season four. Find out more.
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TAKE A LOOK Home Depot tiny home |
A 23-year-old and his dad are turning an abandoned Home Depot shed into an oversized tiny home. Take a look. |
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WATCH THIS Hunter S. Thompson speech |
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This edition was curated by Jeffrey Cane, and edited by Hallam Bullock, Lisa Ryan, Nathan Rennolds, Shona Ghosh, and Jack Robert Stacey. Get in touch: insidertoday@insider.com. |
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