Goldman Sachs' chief legal officer, Kathryn Ruemmler, has announced her resignation following growing pressure over her connections with the late Jeffrey Epstein, a convicted sex offender. The scrutiny intensified after the disclosure of emails showing that Ruemmler referred to Epstein as 'Uncle Jeffrey', advised him on managing media backlash, and accepted luxury gifts from him.
Ruemmler stated, 'My responsibility is to put Goldman Sachs' interests first,' acknowledging the challenges posed by the revelations about her past dealings with Epstein. Notably, her resignation will take effect on June 30.
CEO David Solomon expressed gratitude for Ruemmler's contributions, noting her role as an extraordinary general counsel and a mentor within the firm. However, with Ruemmler's departure, Goldman Sachs is facing a significant reputational risk, given the ongoing fallout from Epstein's documented history of criminal conduct.
The emails indicated extensive communication between Ruemmler and Epstein from 2014 to 2019, including her efforts to aid him during adverse media scrutiny related to his 2008 plea deal. In one message, Ruemmler affectionately referred to Epstein, acknowledging the luxury gifts he provided, which included an Apple Watch and cash vouchers.
This incident marks a significant moment in corporate accountability, as other high-profile resignations, including that of Brad Karp from the Paul Weiss law firm, have occurred amid similar Epstein disclosures. Ruemmler has reiterated that she never represented Epstein in a legal context and was unaware of his unlawful activities before they became public.
Ruemmler stated, 'My responsibility is to put Goldman Sachs' interests first,' acknowledging the challenges posed by the revelations about her past dealings with Epstein. Notably, her resignation will take effect on June 30.
CEO David Solomon expressed gratitude for Ruemmler's contributions, noting her role as an extraordinary general counsel and a mentor within the firm. However, with Ruemmler's departure, Goldman Sachs is facing a significant reputational risk, given the ongoing fallout from Epstein's documented history of criminal conduct.
The emails indicated extensive communication between Ruemmler and Epstein from 2014 to 2019, including her efforts to aid him during adverse media scrutiny related to his 2008 plea deal. In one message, Ruemmler affectionately referred to Epstein, acknowledging the luxury gifts he provided, which included an Apple Watch and cash vouchers.
This incident marks a significant moment in corporate accountability, as other high-profile resignations, including that of Brad Karp from the Paul Weiss law firm, have occurred amid similar Epstein disclosures. Ruemmler has reiterated that she never represented Epstein in a legal context and was unaware of his unlawful activities before they became public.
