Goldman could withhold some 2018 pay for top executives over Malaysia scandal

Goldman Sachs said it could withhold some pay from top executives as a result of the ongoing Malaysian regulatory probe.

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.

Let's block ads! (Why?)

from Top News & Analysis https://cnb.cx/2D2OXjf