Top Goldman Sachs lawyer Kathy Ruemmler to resign – Business News
Goldman Sachs’ prime lawyer is lastly headed for the exit over her Jeffrey Epstein ties — and he or she shocked the bank by making the choice to depart herself, The Post has realized.
The Wall Street giant mentioned late Thursday that Kathy Ruemmler — who within the newest Epstein information dump was revealed to have an e mail rapport with the convicted pedophile proper up to the times earlier than his suicide, even signing her notes with “xoxo” — is leaving the bank.
In an odd twist, nonetheless, Ruemmler received’t be leaving till June 30. What’s more, it was her determination — and he or she blindsided Goldman with the information, in accordance to sources.
“I made the determination that the media attention on me, relating to my prior work as a defense attorney, was becoming a distraction,” Ruemmler mentioned in a assertion.
Sources mentioned Ruemmler known as up Solomon to break the information after an e mail surfaced that confirmed Ruemmler signed emails to Jeffrey Epstein with “xoxo” and wished him a pleased birthday — prompting a crude joke from the disgraced financier about naming his penis.
Goldman Sachs lawyer Kathy Ruemmler has resigned from her place due to her ties with Jeffrey Epstein. AP
“After that, Kathy just said that’s it, she was sick of it all after the media misrepresented that Kathy was discussing Epstein’s penis,” the source mentioned.
That’s after CEO Solomon had continued to stand by Ruemmler — and reportedly to the vexation of a number of senior executives and alumni of the bank, in accordance to experiences.
“Throughout her tenure, Kathy has been an extraordinary general counsel, and we are grateful for her contributions and sound advice on a wide range of consequential legal matters for the firm,” Solomon mentioned in a assertion.
Jennifer Connelly, a spokesperson for Ruemmler, instructed The Post: “Ms. Ruemmler has done nothing wrong and has nothing to hide. Nothing in the record suggests otherwise.”
Meanwhile, Solomon has till this week stood by Ruemmler out of loyalty, in accordance to sources. Based on interviews performed by On The Money, Solomon’s help of Ruemmler speaks to the circumstances of his early, rocky reign as CEO and how he was ready to maintain on by assembling a core group of loyalists, Ruemmler amongst them.
Solomon employed Ruemmler in 2020 as Goldman’s chief legal officer, and the next 12 months appointed her normal counsel, one of the highest jobs on the bank. She was his rent, not somebody who was half of the everlasting Goldman forms.
Among the latter, many had been skeptical of Solomon when he took over in 2018 and shortly started to insurgent, leaking damaging tales that started to undermine his capability to handle the place.
He survived the contretemps first by making it clear his detractors needed to go, they usually did in droves; then he solidified his own group of loyalists. Ruemmler was one of these, sources say.
Connelly mentioned Epstein by no means retained Ruemmler as his lawyer.
