Goldman Sachs will cut back its top executives’ compensations depending on the consequence of investigation into the bank’s role in a multibillion-dollar Malaysian fund scandal. In a regulatory filing, Goldman announced that its board could reduce or forfeit the stock-based awards granted to its tier-one executives in 2018. Such a scenario could affect former CEO and Chairman Lloyd Blankfein and current CEO David Soloman. While Blankfein was guaranteed to receive $18.5 million in annual variable compensation, which included $14.245 million in the form of restricted stock units (RSU), Soloman was promised circa $15.4 million in RSU as a part of his 2018’s
Multi-Billion Malaysian Scandal Could See Goldman Sachs’ Top Executives Lose $40 Million in Pay Backs by CCN
* First published on ccn.com
