Solomon told CNN Business & # 39; Christine Romans in an exclusive interview that the authorities need to "try to improve the framework we all operate in," because it is a question that private companies cannot solve. He added that although the boycott "creates discussion", it is ultimately up to legislators to make significant political changes.
"This must be legislated by law, and it is time for our political leaders to come together about something so tragic for our country and making some progress, "Solomon said. CNN Business talked to him while he was at the Iowa State Fair for Goldman Sachs 10,000 Small Business Exam.
His public call for action comes after two mass shootings this month took place within 24 hours in a row. One shooter killed 22 people and wounded 24 others in a shooting at a Walmart in El Paso, Texas last Saturday. Hours later, a man killed nine people in a popular nightlife district in Dayton, Ohio.
The two events triggered public calls for new public gun legislation. It is unclear what, if any, new laws can be passed. But President Donald Trump recently said there is "tremendous support" for changing background check laws.
Former mass shootings forced companies to change their policies.
After the massacre at a school in Parkland, Florida, BlackRock ( BLK ) began to offer clients investment options in funds that exclude firearms manufacturers and retailers. Bank of America ( BAC ) stopped lending to manufacturers of "military style firearms" used by civilians, and Citigroup ( C ) said it will no longer do business with companies that sell weapons to people under 21 years of age.
Soloman said that Goldman Sachs ( GS ) does not cooperate with companies that make assault weapons, bump stocks and high capacity magazines.
"We do business with retailers who sell guns, but we think about what to do and how to contribute to this debate," he said.