Sooner or later, screaming “that is fantastic!” into the void stops being aspirational and begins being delusional. For Kathryn Ruemmler, that time seems to have arrived.
Ruemmler introduced she’s resigning from her position as Chief Authorized Officer and Common Counsel of Goldman Sachs, efficient June 30, 2026, following renewed scrutiny over her in depth communications with Jeffrey Epstein.
“Since I joined Goldman Sachs six years in the past, it has been my privilege to assist oversee the agency’s authorized, reputational, and regulatory issues; to boost our sturdy danger administration processes; and to make sure that we dwell by our core worth of integrity in all the pieces we do,” Ruemmler mentioned in a press release. “My duty is to place Goldman Sachs’ pursuits first. Earlier at the moment, I regretfully knowledgeable David Solomon of my intention to step down as Chief Authorized Officer and Common Counsel of Goldman Sachs as of June 30, 2026.”
…Yeah Goldman’s “core worth of integrity” was about stretched to its limits to accommodate hundreds of emails with one of the crucial infamous criminals of our time. And the communications went far past a routine skilled relationship. Career coaching. Gift exchanges. Cringe-inducing jokes that land even worse in hindsight. And all of it unfolding whereas Ruemmler later occupied one of the most powerful roles in company America.
Ruemmler’s assertion frames her resignation as an act of loyalty to the establishment… however let’s not child ourselves. This was the inevitable conclusion of a scenario that turned untenable the second the general public was allowed to learn the receipts.
Goldman, for its half, is sticking to the Best Hits album of company exits.
David Solomon, CEO of Goldman Sachs, mentioned “All through her tenure, Kathy has been a unprecedented normal counsel, and we’re grateful for her contributions and sound recommendation on a variety of consequential authorized issues for the agency. As one of the crucial completed professionals in her area, Kathy has additionally been a mentor and good friend to a lot of our folks, and she or he might be missed. I accepted her resignation, and I respect her resolution.”
For years, highly effective folks and establishments satisfied themselves that silence was danger administration and that distancing statements may substitute for accountability. They will’t. As extra data floor and extra names are dragged into the sunshine, the Epstein fallout is barely getting began.
Kathryn Rubino is a Senior Editor at Above the Regulation, host of The Jabot podcast, and co-host of Thinking Like A Lawyer. AtL tipsters are the very best, so please join along with her. Be happy to electronic mail her with any ideas, questions, or feedback and comply with her on Twitter @Kathryn1 or Mastodon @[email protected].
