Goldman Sachs CEO Solomon Pays Price of 1MDB Scandal

Goldman Sachs CEO Solomon Pays Price of 1MDB Scandal
Goldman Sachs CEO David Solomon in Washington, on Oct. 10, 2017. Paul Morigi/Getty Images for Fortune
Reuters
Updated:

NEW YORK—Goldman Sachs Chief Executive David Solomon’s annual pay fell by $10 million, or 36 percent, in 2020, according to regulatory disclosures filed Tuesday, reflecting the bank’s role in Malaysia’s 1MDB scandal.

Solomon will receive $17.5 million for his work during the year, compared with $27.5 million the year before, the bank said.