1. Goldman’s Gary Cohn Saga Thrusts Clawback Shortcomings into Spotlight

    Goldman’s Gary Cohn Saga Thrusts Clawback Shortcomings into Spotlight

    It seemed like a decisive move by Goldman Sachs Group Inc’s board of directors: Compel a dozen executives to give back millions of dollars to hold them publicly accountable for the 1MDB corruption scandal.  But any hopes of a swift and unified act of contrition were thwarted when one of them, Gary Cohn, didn’t pay up. Weeks later, he ended the stalemate on his own terms by pledging to give his share to charity...

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    1. Some people believe that the best way is to put a bad episode behind you as opposed to doing something about it.
    2. What's striking is the deliberateness of what GE's executives did.
    3. You agreed to pay executives millions to do their jobs.
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