Breakingviews - Goldman Sachs cuts Solomon, and his pay, down to size

To dwell on that, however, assumes too much science in what is basically a symbolic move. It would have been hard to reward Solomon at a time when employees are feeling the chill, and hot on the heels of 3,200 layoffs. Morgan Stanley also paid less to Chief Executive James Gorman, though only by 10%. And Goldman’s board hasSolomon’s humble pie may taste good to his Goldman colleagues, but it could present a different flavor profile to shareholders.

The board said it factored in the company’s 2022 performance and Solomon’s “strong individual performance and effective leadership.”Editing by Jeffrey Goldfarb and Sharon LamOpinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Breakingviews johnsfoley How's he gonna survive on a measly 25 million?

Breakingviews johnsfoley BIDENFLATION

Breakingviews johnsfoley Gosh. Why is it news that his pay was cut and not why it was so high to start with

Breakingviews johnsfoley Translation: the other super rich dirt bags will look down on he and the company for this move and may choose to have the stocks suffer as a result.

Breakingviews johnsfoley A decrease will NOT change his ability to pay bills or standard of living one bit, but his ego may suffer and may seek retribution from the underlings. We have been experiencing a billionaire backlash to democracy. No one fights harder for billionaires than hundredaires do.

Breakingviews johnsfoley A cut! To 25 million a year! Sorry but that's really obscene. Nobody needs that much money. EnoughlsEnough

Breakingviews johnsfoley The fact he makes that mucha year shows banks are greed based and that is their purpose, nothing else. 25 million is appropriate for a ceo. The literally do the least work in the company.

Breakingviews johnsfoley So he's only making how many millions now? Poor baby. Don't forget stock options.

Breakingviews johnsfoley there goes my sleep tonight...

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Breakingviews - Breakingviews: Adani’s financing safety-net rests on Indian banksGautam Adani’s financing options are narrowing fast. Investors wiped $48 billion off the Indian tycoon’s listed companies in just two days last week; his flagship Adani Enterprises lost 19% of its value on Friday alone. While the nationally important ports-to-power-to-roads group should be able to manage its interest bill, the selloff blows apart Adani’s plans to tap global capital markets. That leaves it dependent on a safety net provided by Indian banks. Adani green borrowed $1.35 billion from these International banks Banks urged deleveraging 'Gautam Adani weighs $5 billion fundraise as banks urge deleveraging'
Source: Reuters - 🏆 2. / 97 Read more »

$18M incentive for Goldman Sachs' Dallas expansion ranks among nation's highest - Dallas Business JournalAn $18 million economic incentives deal offered to Goldman Sachs Group Inc. for its expansion in Dallas is among the highest in the nation last year for a project of its type.
Source: DallasBizNews - 🏆 525. / 51 Read more »

Goldman Sachs CEO got 30% pay cut -- but still made $25 million | CNN BusinessGoldman Sachs had a rough year in 2022, and CEO David Solomon was punished for that. Sort of. It's always a fun activity that the board, where the ceo is usually the chair, has to set the CEO's target just enough that he always makes some bonus payout even if the company misses targets and lays off thousands. Boo hoo...only $25mn pay. Tough, really tough year. 😒
Source: CNN - 🏆 4. / 95 Read more »

$18M incentive for Goldman Sachs' Dallas expansion ranks among nation's highest - Dallas Business JournalAn $18 million economic incentives deal offered to Goldman Sachs Group Inc. for its expansion in Dallas is among the highest in the nation last year for a project of its type.
Source: DallasBizNews - 🏆 525. / 51 Read more »

Goldman Sachs names tech stocks with a 'strong runway' for growth — giving one upside of nearly 70%Goldman is bullish on a part of tech that's now seeing 'limited appetite.' It shares some top picks it expects will beat their peers when the economy recovers.
Source: CNBC - 🏆 12. / 72 Read more »

Golden Sachs says Austin could suffer a 2008 market crash, other experts disagreeGoldman Sachs, a leading global financial institution says four U.S. cities will suffer a 2008 crash in home values. Austin was one of those four on that list, according to the New York Post. ABOR will never say anything in negative to affect the sales of homes in Texas.
Source: cbsaustin - 🏆 595. / 51 Read more »