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Goldman Could Withhold Some 2018 Pay for Top Executives Over Malaysia Scandal

HITC - News and Opinion

That could cost former CEO and Chairman Lloyd Blankfein and other top executives millions of dollars. Goldman Sachs said it could withhold some pay from top executives as a result of an ongoing criminal probe of a Malaysian investment fund. 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. That could cost former CEO and Chairman Lloyd Blankfein and other top executives ...

Mentions: Investment Goldman Sachs Wall Street