Business
Goldman CEO David Solomon takes $10M pay cut for Malaysian investment scandal – Fox Business
The bank will withhold $174 million in compensation from current & former execs
Goldman Sachs Group Inc. slashed Chief Executive David Solomon’s 2020 pay by 36%, punishment for the bank’s admission last year that it broke U.S. laws in its dealings with an investment fund at the heart of a global corruption ring.
Mr. Solomon received a $17.5 million compensation package for 2020, down from the $27.5 million he got for 2019, according to a securities filing on Tuesday.
GOLDMAN SACHS BLOWS PAST ESTIMATES ON TRADING, DEALMAKING
In October, Goldman agreed to pay nearly $3 billion…
