Tony Fratto, a Goldman spokesman, said Mr. Solomon’s investment in Discovery was in the “single-digit millions.” He said Mr. Solomon has no fiduciary responsibilities toward Discovery and “is not involved in the business operations” of the company.
Mr. Fratto said there was “no conflict whatsoever” between Mr. Solomon’s job at Goldman and his relationship with and investment in Discovery. “It’s absurd to think he’d guide his decision-making here for such a small personal investment,” he said. Mr. Fratto said Mr. Solomon reimburses Goldman when he uses its jet for personal reasons.
Jill Basinger, Discovery’s chief legal officer, said that Mr. Solomon was only a small investor in the company and that it had never done business with Goldman.
This is not the first time questions have surfaced about how Mr. Solomon’s outside interests affect his work at Goldman, for which he has received more than $150 million in compensation since he became chief executive in 2018.
Some bank employees have privately grumbled that his hobby performing as an electronic dance music D.J. is a distraction, especially with Goldman in the financial doldrums and laying off thousands of employees. On occasion, Goldman employees have helped manage Mr. Solomon’s D.J. performance schedule, The Times previously reported.
Mr. Fratto said the D.J. work was separate from Mr. Solomon’s day job. “I think The New York Times is trying to make this a pattern,” Mr. Fratto said.