Goldman Gives Solomon, Blankfein Pay Packages With 1MDB Caveat

Board says it could claw back awards based on investigation
Bank defers paying 2011 incentives to three former executives

Goldman Sachs hands out bonuses, but they are tied to the 1MDB scandal. Peggy Collins reports.Daybreak: Americas." (Source: Bloomberg)

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By Anders Melin and Sridhar Natarajan

February 1, 2019 at 9:28 PM UTC

Updated on

February 1, 2019 at 10:09 PM UTC

This article is for subscribers only.

Goldman Sachs Group Inc.’s top executives now have millions at risk from the firm’s 1MDB scandal.

David Solomon received $23 million in compensation for 2018 after taking over as chief executive officer in October while his predecessor Lloyd Blankfein got $20.5 million, the firm said Friday in a regulatory filing. Equity awards for both are subject to clawbacks if the results of the 1MDB investigation “would have impacted” the board’s pay decisions for any senior executives.