Goldman could withhold some 2018 pay for top executives over Malaysia scandal


Michael Nagle | Bloomberg | Getty Images

Lloyd Blankfein, chairman and chief executive officer of Goldman Sachs Group

Goldman Sachs said it could withhold some pay from top executives as a result of the ongoing Malaysian regulatory probe.

The Wall Street firm said in a regulatory filing Friday its board of directors had approved a forfeiture provision that gave it “the flexibility to reduce the size of the award prior to payment and/or forfeit the underlying transfer-restricted shares” of executive pay granted for 2018.

Source link

Products You May Like

Articles You May Like

Freeport-McMoRan could rally another 15 percent before hitting a wall
Citi upgrades PG&E, says stock could double despite bankruptcy filing
Chinese ride-hailing giant Didi to lay off 15% of its workforce
Don’t underestimate the impact of a trade deal
Leuthold strategist Ramsey likes value, overseas stocks

Leave a Reply

Your email address will not be published. Required fields are marked *