Goldman Sachs says 1MDB scandal could hit pay for top executives

Goldman Sachs says 1MDB scandal could hit pay for top executives

The board of Goldman Sachs said on Friday it is withholding a bonus of at least $7 million from former CEO Lloyd Blankfein until the investigations into the bank’s role in the 1MDB scandal are resolved. The board also introduced a new provision which can reduce pay packages of top executives if later determined that the 1MDB scandal may have impacted their year end compensation decisions.

Timothy
Timothy
Top in Business
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