May 19, 2022

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Electronic music hobby leads Goldman Sachs CEO to Lollapalooza

Electronic music hobby leads Goldman Sachs CEO to Lollapalooza

Goldman Sachs CEO David Solomon, pictured in Miami Beach, Florida, in 2020, is set to appear at the Lollapalooza Music Festival in Chicago this summer.


Photo:

Getty Images Casamigos

The news is enough to catch the eye on Wall Street.

David Solomon,

Goldman Sachs

p -0.95%

The festival announced Tuesday that the CEO, who sometimes works as an electronic dance musician, will perform at the Lollapalooza music festival in July.

The four-day event, held annually in Chicago, features more than 170 musical performances and attracts hundreds of thousands of revelers annually.

Most ticket buyers are likely to be influenced by notable acts such as Green Day, Doja Cat, and Metallica. But when Mr. Solomon took the stage, he could still expect a more enthusiastic greeting than the polite applause that bank executives usually receive at investor conferences. “Every Lolla variety makes hands waving and rocks the crowd,” the festival says on its website.

However, all that nodding and yelling doesn’t come cheap. Ticket prices start at $350 for the event, while the most expensive listing is over $4,000. Fortunately for Goldman employees hoping to catch a glimpse of their boss out of hours, times are good: The company posted impressive results and compensation increase by 33% in 2021.

Mr. Solomon who Earn $35 Million in Pay From his day job last year, he won’t turn his hobby into a second career despite the big interruption. He plans to donate his appearance fees to charity.

write to Charlie Grant at [email protected]

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