Bloomberg Law
May 18, 2022, 4:00 PM

Goldman Sachs Report Shows Bank Is Losing Senior Black Women (1)

Max Abelson
Max Abelson
Bloomberg News

Goldman Sachs Group Inc. is losing its most powerful Black women, according to new data the firm released in a report on its website.

The bank had 19 Black women among its executives and senior officials as of November 2021, the bank said, down from 25 a year earlier, while the 24 Black men in that top rank stayed the same. Yet the bank’s overall Black employees in the US grew to 1,649 from 1,425, representing a boost to 7.4% from 6.8%.

In what Goldman calls the “most diverse managing director class to date,” 643 new promotions included 29 Black ...

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