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

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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

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New York 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.

Solomon's compensation package was reduced to $17.5 million for 2020, down from the $27.5 million he received in 2019, according to a US Securities and Exchange filing on Tuesday. The $10 million payout comes after Goldman agreed to pay nearly $3 billion after pleading guilty to charges the bank conspired to violate US anti-bribery laws in a massive scandal with 1MDB.Goldman Sachs unit pleads guilty in Malaysian bribery case and agrees to pay $2.

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check this one out a guy called Gerals 22 mins in

Ha Ha!

I wish to high heaven someone could cut my pay by $10 million. Just sayin...

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I dream of having my salary cut by $10M someday. I think I could endure the shame.

His real crime, to the other board members was that he got caught.

Have mercy! What will he do now? How will he manage? Will his family be ok? Will they even make it? Somebody put him on suicide watch! Please!

What amazes me is how much money he makes but doesn’t consider it enough so he cheats and steals, when some people have a hard time buying food and paying rent. What a sick soul!

Gosh who would want that job now!

We didn’t realise we were making memories, we were just having fun.

Fact is, it is not really gonna hurt him,... Maybe he is being a little bit diminished of luck-luster, but nobody will notice.

WSBChairman and they question our motives!! Bring the power back to the people. GME AMC

He will now have to live of 20 million per year. That will teach him.

Throw them in jail.

Oh, what a punishment...no more dirty money for him...for now...but, jail time? Hell no!

Why not fully Investigate these CO's & Executives and prosecute. IT'S A PUBLICALLY TRADED COMPANY. If we did these type of fraudulent activities we would be FIRED. Cancel ALL retirements, insurance & make them live in the real world. USA 2.7m AVG LIFETIME INCOME, I NEVER MADE IT!

So he only gets $50,000 per day whoa ! How can he live in such poverty .

Oh what a slap on the wrist for acts of criminal bribery and corruption.

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I’m in tears. Praying for him during such a difficult time.

EatTheRich TaxTheRich

These are the people saying MrZackMorris Biotech_SD and RelaxAndStack are doing it wrong…

Oh my... how is he going to survive on just $20 Million? I'll bet he never does that again.

I hope the poor man has enough to eat!!!

I guess no more pizza fridays at his house

There is nothing like Igbo group. Fake people everywhere

Break out the caviar helper !

For the math-challenged, it means that Solomon's compensation before the 'penalty' was $28 MILLION PER YEAR. Black guy steals a car: jail. White guy helps with embezzling $4.5 BILLION, pays a fine he hardly feels, keeps his job, works harder at not getting caught

I have a feeling he'll be just fine...

No jail time!

Why does he need such a huge compensation?

I am a victim of the embassy of São Paulo, more precisely that of the United States and that of Haiti, I undergo scientiphic and mystical experiences, the cabalists want to kill me now

GoldmanSachs also contributed to Marjoree T Green's campaign. Obviously, they enjoy investment scandals as much as they like crazy QAnnon Insurrectionists.

What he have to do to be fired. “Retired”. “Promoted from day to day”

Lol but it's the retail traders a that use an internet forum that is the problem😂😂😂 these scum bags get away with everything and will do anything to protect their money and each other.

Just curious: are millionaire executives paid annually? We, average guys, used to monthly pay schedules have monthly bills, do executives arrange annual payments? I mean who writes monthly pay checks for two million dollars or more?

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So he still gets nearly $20 mill? Who says crime doesn't pay?

Everything that’s wrong with this world. He gets $20M for his role is a corruption scandal.

Boo hoo 🙄. Ridiculous. Not even a drop in the bucket..

How is he supposed to live on a mere twenty million a year?

So the moral is do it but don’t get caught?

We should be like Japan and have salary caps for CEOs... then all employees could make over $15hr and the company actually keep it’s profits to grow.

I hope he’ll be ok. 😢

Still mind boggling the amount of money CEO’s make..

I'm sure he is weeping into his other 20 mil

😡 He should be fired.

Don’t know how the guy will feed his family... I pray for him

Poor soul.

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