Goldman Sachs to Recoup Top Executives' Pay After Costly 1MDB Fines
October 22 2020 - 11:50AM
Dow Jones News
By Liz Hoffman
Goldman Sachs Group Inc. is seizing tens of millions of dollars
from top executives after agreeing to a costly settlement to
resolve multiple government investigations into its role in a
Malaysian bribery scandal.
The Wall Street firm will recoup money from Chief Executive
David Solomon, his predecessor Lloyd Blankfein, and other current
and former executives, people familiar with the matter said, as it
prepares to admit to compliance lapses in its dealings with a
corrupt Malaysian investment fund, known as 1MDB.
(END) Dow Jones Newswires
October 22, 2020 11:35 ET (15:35 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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