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Goldman Sachs’s chief executive, David M. Solomon, had a lot to celebrate when he took the stage on Saturday in the Hamptons, under his alter ego DJ D-Sol, as the opening act for the duo The Chainsmokers. He may come to regret the gig, as New York’s health authorities investigate the concert for “rampant” violations of social-distancing rules.
Mr. Solomon spun records for an hour at the charity concert before the main event. About a week earlier, Goldman Sachs had reported bumper quarterly earnings.
The event, called Safe Sound, was meant to be a model of pandemic safety, with thousands of attendees paying up to $25,000 to park their cars in a field facing the stage. Organizers conducted temperature checks and reminded people to wear masks around the venue.
It didn’t entirely work out that way. Videos showed attendees gathering in crowds without masks, including in an apparently unsanctioned V.I.P. area, in seeming disregard for concert rules and New York State health guidelines. The event’s organizers said in a statement that they had followed “all proper and current protocols.”
Gov. Andrew Cuomo said yesterday that he was “appalled” by the scene. The state’s health commissioner, Howard A. Zucker, took local officials to task in a letter, demanding to know “what town officials were at the concert and why was it allowed to continue when it became clear violations were rampant?”
Videos from a concert held in Southampton on Saturday show egregious social distancing violations. I am appalled.
The Department of Health will conduct an investigation.
We have no tolerance for the illegal reckless endangerment of public health.pic.twitter.com/gf9kggdo8w
— Andrew Cuomo (@NYGovCuomo) July 28, 2020
A Goldman Sachs spokesman said that Mr. Solomon had agreed to take part in the event for charity, and left before the show ended.
“The vast majority of the audience appeared to follow the rules, but he’s troubled that some violated them and put themselves and others at risk,” the spokesman said.
Article source: https://www.nytimes.com/live/2020/07/28/business/stock-market-today-coronavirus