Goldman Sachs to Recoup Top Executives’ Pay After Costly 1MDB Fines - The Wall Street Journal

1 month ago 31

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.


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