Overview
- Justice Department files released earlier this year showed emails and gift exchanges between Kathy Ruemmler and Jeffrey Epstein, and Ruemmler announced in February that she would resign from Goldman with the exit set for June 30.
- Reports on June 10 said CEO David Solomon asked Ruemmler to remain at Goldman as an adviser after her planned departure, a move that has drawn internal concern and surprise among some senior executives.
- Sen. Elizabeth Warren and Rep. Raja Krishnamoorthi sent a letter to Solomon on June 10 demanding written explanations by June 26 about what the firm knew, what vetting it did before hiring Ruemmler, and whether Solomon pressed her to stay.
- Russell Horwitz, Goldman's chief of staff, is set to leave his role at the end of June after privately objecting to Solomon’s support for Ruemmler according to reporting, though Horwitz has denied his departure is related to the dispute.
- The disclosures have widened scrutiny of Goldman’s oversight and reputational risk, with a closed-door House Oversight interview of Ruemmler scheduled for July 15 and the firm’s responses to lawmakers likely to shape further oversight or public reaction.