Published 3 years ago

Goldman Sachs boss gets $10m pay cut for 1MDB scandal

Summary

Goldman Sachs' chief executive David Solomon will get a $10m (£7.3m) pay cut for the bank's involvement in the 1MDB corruption scandal

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BBC News

Goldman Sachs boss gets $10m pay cut for 1MDB scandal

David Solomon is being punished for the bank's involvement in the fraudulent Malaysian investment fund.

3 years ago·United Kingdom

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News18 India

$10 mn Pay-cut for Goldman Sachs CEO Over 1MDB Scandal

Goldman Sachs pleaded guilty in October over its role in the scandal and agreed to pay nearly $3 billion to close US investigations.

3 years ago·India

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CTV News

Goldman Sachs slashes CEO pay by US$10 million over massive scandal

Goldman Sachs cut chief executive David Solomon's annual compensation by US$10 million, or 36%, following a penalty deduction that resulted from the bank's role in a corruption scandal involving a Malaysian investment fund, known as 1MDB.

3 years ago·Canada

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Reuters

Goldman Sachs CEO Solomon's annual pay drops 36%

By Matt Scuffham NEW YORK - Goldman Sachs Chief Executive David Solomon's annual pay fell by $10 million, or 36%, in 2020, according to regulatory disclosures filed Tuesday, reflecting the bank's role in Malaysia's 1MDB scandal. Solomon will receive $17.5 million for his work during the year, compared with $27.5 million the year before, the bank said. Goldman previously announced it

3 years ago·United Kingdom

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NDTV

$10 Million Pay-Cut For Goldman Sachs CEO

Goldman Sachs cut its CEO David Solomon's 2020 salary by $10 million to $17.5 million because of the bank's role in the 1MDB Malaysian bribery scandal, according to documents filed Tuesday.

3 years ago·New Delhi, India

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CNN

Goldman Sachs slashes CEO pay by $10 million over massive scandal

Goldman Sachs cut chief executive David Solomon's annual compensation by $10 million, or 36%, following a penalty deduction that resulted from the bank's role in a corruption scandal involving a Malaysian investment fund, known as 1MDB.

3 years ago·Atlanta, United States

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