Goldman Sachs’ logo appears above a trading post on the floor of the New York Stock Exchange on December 13, 2016. Photo: AP Goldman Sachs’ logo appears above a trading post on the floor of the New York Stock Exchange on December 13, 2016. Photo: AP
Goldman Sachs’ logo appears above a trading post on the floor of the New York Stock Exchange on December 13, 2016. Photo: AP

Malaysia 1MDB scandal

Goldman Sachs cuts US$174 million of pay for current and former executives, taking them to task for bank’s role in 1MDB fraud

  • The bank will cut the compensation for chief executive David Solomon and his team of senior executives
  • Financial awards allocated to former chief executive Lloyd Blankfein and others will also be slashed, the bank say

Topic |   Malaysia 1MDB scandal
Goldman Sachs’ logo appears above a trading post on the floor of the New York Stock Exchange on December 13, 2016. Photo: AP Goldman Sachs’ logo appears above a trading post on the floor of the New York Stock Exchange on December 13, 2016. Photo: AP
Goldman Sachs’ logo appears above a trading post on the floor of the New York Stock Exchange on December 13, 2016. Photo: AP
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