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Goldman Sachs Will Claw Back $174 Million From Execs Including Ex-CEO Lloyd Blankfein After $2.8 Billion Corruption Settlement
After agreeing to pay $2.8 billion in settlement money to global regulators over a Malaysian corruption scandal, Goldman Sachs is planning to recoup a collective $174 million from current and former executives, the Wall Street Journal first reported Thursday. • According to the firm’s Board of Directors, Goldman is seeking to forfeit $76 million from three former employees implicated in the scheme. • Goldman will also seek to recoup another $67 million that was previously paid out to five former executives—including former CEO Lloyd Blankfein—as part of a long-term compensation plan. • Finally, Goldman ... (full story)