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.

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