The board of Goldman Sachs said on Friday it is withholding a bonus worth at least US$7 million from former chief executive Lloyd Blankfein until investigations into the bank’s involvement in the 1MDB scandal are resolved.
The bank also introduced a new forfeiture provision in its annual compensation plans for both its most senior executives, current Chief Executive David Solomon and former head Blankfein, relating to the ongoing 1MDB proceedings. The move underscores the perils the 1MDB…
We understand Legal Issues in Asia