Kathy Ruemmler to remain at Goldman Sachs as adviser after resigning over Epstein ties

Goldman Sachs is keeping its soon-to-be-former top lawyer on the payroll despite the Jeffrey Epstein scandal that forced her resignation earlier this year.Kathryn Ruemmler, the bank’s outgoing chief legal officer and general counsel, will remain at Goldman as an adviser after CEO David Solomon personally asked her to stay on, according to the Financial Times.The move marks a surprising reversal after Goldman announced in February that Ruemmler would retire from her roles effective June 30 following the release of thousands of emails detailing her relationship with the late convicted sex offender.Solomon later said he had “reluctantly accepted” Ruemmler’s resignation after the Justice Department released troves of Epstein-related documents showing years of close contact between the pair.Michael Bosworth will take over as interim general counsel in July while Goldman continues its search for a permanent replacement, according to people familiar with the matter cited by the FT.Ruemmler’s continued association with Goldman is likely to reignite a controversy that rattled the Wall Street giant for months and exposed divisions within the firm over Solomon’s steadfast support for one of his closest advisers.The former Obama White House counsel stepped down after a steady stream of disclosures revealed a relationship with Epstein that went far beyond a casual professional acquaintance.The emails showed Epstein arranging gifts for Ruemmler, including a Hermès handbag, Apple products, spa appointments and haircuts.At the time of her resignation, Ruemmler told the FT that the issue had become a “distraction.”In one 2015 message, she wished him a happy birthday, writing: “I hope you enjoy the day with your one true love :-)”After Epstein responded with a crude joke, Ruemmler shot back that it was “Hard to believe that there is still an open question about whether men are [the] inferior gender.”The correspondence also showed Ruemmler expressing apprecia...

Read More 
PaprClips
Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by PaprClips.
Publisher: New York Post

Recent Articles