Business
Goldman Sachs chief executive David Solomon pays $12.9m price for1MDB scandal – ABC News
The chief executive’s pay is cut by 36 per cent over the bank’s role in a scandal that saw Goldman Sachs agree to pay $3.74 billion in settlements.
Goldman Sachs chief executive David Solomon’s annual pay fell by $12.9 million, or 36 per cent, in 2020, according to regulatory disclosures filed on Tuesday, reflecting the bank’s role in Malaysia’s 1MDB scandal.
- David Solomon’s pay would have remained unchanged without the 1MDB penalty
- Goldman Sachs paid $2.07 billion in bribes to the 1MDB investment fund, set up in 2009 under Malaysian prime minister Najib Razak
- Goldman Sachs’ chief financial officer and chief operating officer have also had their…
Continue Reading
-
Business23 hours agoWhy Auckland Airport, Australian Ethical, Breville, and Clarity shares are charging higher
-
Business24 hours agoMacquarie increases price target for Qantas shares
-
Noosa News23 hours agoCommonwealth Bank executive Christopher James McCann found dead in Springbrook National Park
-
Noosa News21 hours agoRobotics team heads to Asia Pacific