Goldman's Solomon Says 1MDB Scandal Was 'Distressing'

The transcript discusses allegations against former Goldman Sachs employees for money laundering and bribery, violating the Foreign Corrupt Practices Act. The CEO expresses distress over these actions, emphasizing the firm's commitment to compliance and cooperation with authorities. The investigation involves Tim Leissner, who pleaded guilty, and Andrea Vella. The CEO assures that the firm takes compliance seriously, highlighting its long-standing control measures.

What was the main legal issue involving former Goldman Sachs employees?

• Insider trading

• Laundering billions of dollars

• Tax evasion

• Market manipulation

Who among the following pleaded guilty in the Goldman Sachs scandal?

• Lloyd Blankfein

• Andrea Vella

• David Solomon

• Tim Leissner

How does the CEO feel about the actions of the former employees?

• Unaware

• Indifferent

• Supportive

• Horrible

What is emphasized as a key priority for Goldman Sachs in the third section?

• Expanding global operations

• Increasing profits

• Maintaining compliance and control

• Hiring more employees

How long has Goldman Sachs been in operation, according to the transcript?

• 150 years

• 100 years

• 200 years

• 50 years