Hmmm. That’s bananas. I work at another Wall Street firm and they are doing the opposite. Selectively hiking up base salaries so the bonus pool doesn’t appear super big in a year with record unemployment.
What do you mean by claw back salaries? Reducing is one thing but how can they claw back salaries already paid? Unless it’s a contingent bonus but then it’s not salary?
FAKE NEWS. If you do know what you are talking about, you are not expressing it well. No one is taking back “salaries” (do you imagine that they are debiting checking accounts?), and it is not from the entire pool of current and former executives as you lead people to believe. The measures they are taking are very targeted/specific due to the circumstances of the fine. You get a big eye roll for your alarmist post.
Very misleading. These are not rank and file employees as the post suggests. This is top-of-the-house management, including the current and former CEOs. Nor is it necessarily salaries. Compensation at that level can be comprised of many inputs. More accurate post would have been: GS claws back nearly $200m in compensation from 12 current and former top executives following Malaysia corruption scandal, including current and former CEOs Lloyd Blankfein and David Solomon.
Hmmm. That’s bananas. I work at another Wall Street firm and they are doing the opposite. Selectively hiking up base salaries so the bonus pool doesn’t appear super big in a year with record unemployment.
What do you mean by claw back salaries? Reducing is one thing but how can they claw back salaries already paid? Unless it’s a contingent bonus but then it’s not salary?
Taking back money paid to current and former executives. exacfly as it sounds
FAKE NEWS. If you do know what you are talking about, you are not expressing it well. No one is taking back “salaries” (do you imagine that they are debiting checking accounts?), and it is not from the entire pool of current and former executives as you lead people to believe. The measures they are taking are very targeted/specific due to the circumstances of the fine. You get a big eye roll for your alarmist post.
It's not alarmist because it is in fact real news.
Geez, that is not what is happening - you make it sounds like many employees are getting money taking out of their bank accounts. . We're talking about less than a dozen executives - its very targeted. https://www.forbes.com/sites/sarahhansen/2020/10/22/goldman-sachs-will-claw-back-174-million-from-execs-including-ex-ceo-lloyd-blankfein-after-28-billion-corruption-settlement/#91f886f42436
Very misleading. These are not rank and file employees as the post suggests. This is top-of-the-house management, including the current and former CEOs. Nor is it necessarily salaries. Compensation at that level can be comprised of many inputs. More accurate post would have been: GS claws back nearly $200m in compensation from 12 current and former top executives following Malaysia corruption scandal, including current and former CEOs Lloyd Blankfein and David Solomon.