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Goldman CEO Gets Special Bonus Months After Having Pay Cut as Punishment

David Solomon
David SolomonPhotographer: Hollie Adams/Bloomberg

Goldman Sachs Group Inc. is awarding a special bonus to Chief Executive Officer David Solomon just months after docking his pay for the bank’s role in a corruption scandal. 

Solomon and his top deputy, John Waldron, stand to gain more than $50 million, based on Goldman’s current share price, if the firm meets certain performance targets, according to a regulatory filing Friday. The board said the plan was put in place to “enhance retention in response to the rapidly increasing war for talent.”