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Goldman Sachs Slashes CEO Solomon’s Pay About 30% to $25 Million

  • Awards $2 million salary in addition to variable compensation
  • Investment-bank’s profit and share price tumbled during 2022
Bloomberg business news
Goldman Sachs Cuts CEO David Solomon’s Pay About 30%
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Goldman Sachs Group Inc. cut Chief Executive Officer David Solomon’s compensation by about 30% to $25 million for 2022, a year in which the share price and profit tumbled and the firm retreated from a highly public effort to create a consumer bank.

The package includes a $2 million base salary and $23 million in variable compensation, with $16.1 million of that in the form of restricted stock units, according to a filing Friday.