Goldman Sachs CEO Keeps Former Chief Legal Officer as Adviser After June 30 Exit

Goldman Sachs CEO David Solomon retained Kathy Ruemmler as an adviser after her planned June 30 departure from the firm. Financial Times and Bloomberg reported the retention on Friday; CNN has not verified the reports. Sen.

Elizabeth Warren and Rep. Raja Krishnamoorthi sent a letter to Goldman Sachs on Wednesday asking the bank to explain what Ruemmler disclosed about Jeffrey Epstein before joining the firm, whether the bank knew she had advised him on legal and public-relations matters, and what additional due diligence it conducted before elevating her to chief legal officer.

The lawmakers also requested details about her reported transition to an advisory role, her compensation, and whether regulators were informed of her ties to Epstein.

They asked for written answers by June 26. ” Warren, ranking member on the Senate Banking Committee, and Krishnamoorthi cited Ruemmler’s compensation, which included an 11 percent raise that brought her total pay for 2025 to $25 million and stock options valued at about $80 million expected to vest over the next two years.

Ruemmler announced in February that she would resign as chief legal officer effective June 30 after reports detailed her ties to Epstein.

A trove of Justice Department files released earlier showed she exchanged hundreds of messages with Epstein after leaving the White House in 2014 and before joining Goldman Sachs. ” Ruemmler told CNN in December that she was referring to the article as crap but not the allegations.

She has said she knew Epstein through her work as a white-collar defense attorney, did not formally represent him, was not compensated by him, and had no knowledge of any ongoing criminal conduct on his part.