Electronic Music Hobby Leads Goldman Sachs CEO to Lollapalooza

Goldman Sachs CEO David Solomon, who performed in Miami Beach, Florida in 2020, will perform at the Lollapalooza music festival in Chicago this summer.


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The news is enough to cause a stir on Wall Street.

David Solomon, the Goldman Sachs GS 1.18%

CEO, who occasionally works as a part-time electronic dance musician, will perform at the Lollapalooza music festival in July, the festival announced on Tuesday.

Held annually in Chicago, the four-day event features more than 170 musical performances and draws hundreds of thousands of revelers annually.

Most ticket buyers are likely influenced by headlining acts like Green Day, Doja Cat and Metallica. But when Mr. Solomon takes the stage, he can still expect a more enthusiastic welcome than the polite applause bank executives typically receive at investor conferences. “Each Lolla lineup has hands waving, heads nodding and the crowd roaring,” reads the festival’s website.

All that nodding and roaring doesn’t come cheap, however. Ticket prices for the event start at $350, while the most expensive listing goes for more than $4,000. Fortunately for Goldman employees hoping to catch a glimpse of their boss outside of work hours, times are good: The company posted blockbuster results and increased compensation by 33% in 2021.

Mr. Solomon, who made $35 million from his job last year, won’t turn his hobby into a second career despite the big break. He plans to donate his performance fee to charity.

write to Charley Grant at charles.grant@wsj.com

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https://www.wsj.com/articles/electronic-music-hobby-leads-goldman-sachs-ceo-to-lollapalooza-11648031400?mod=rss_markets_main Electronic Music Hobby Leads Goldman Sachs CEO to Lollapalooza

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