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Goldman Sachs boss gets big pay cut

Goldman Sachs’s David Solomon takes near 30% pay cut to $25mn.

The CEO of Goldman Sachs, David Solomon, arguably America's best-known investment bank, has seen his pay cut by some 30% for 2022. In announcing the news, Goldman’s board said the pay-cut reflected β€œthe firm’s 2022 performance, relative to peer results.” That was despite the bank suffering a 22% drop in annual profits.

(Picture: A Goldman Sachs logo is displayed on a smartphone with stock market percentages on the background. Picture Credit: Getty Images)

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Sat 28 Jan 2023 01:06GMT
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