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Business Matters: Goldman Sachs boss gets big pay cut

Goldman Sachs boss gets big pay cut

28/01/2023 GMT

BBC World Service - Business Matters, Goldman Sachs boss gets big pay cut

David Solomon’s pay was $25m for 2022, down from $35m in 2021.

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 “the 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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