Goldman Gives Solomon, Blankfein Pay Packages With 1MDB Caveat

The transcript discusses the compensation of Goldman Sachs executives, particularly in relation to the 1MDB scandal. It highlights the concept of clawbacks, which became prominent after the 2009 financial crisis, and how Goldman Sachs is considering using them if the scandal worsens. The discussion also touches on the accountability of leaders like Lloyd Blankfein and David Solomon, emphasizing the challenges of being held responsible for events that occur under one's leadership, even if not directly involved.

What was the compensation for David Solomon in 2018?

• $18 million

• $25 million

• $23 million

• $20.5 million

What is the primary reason for considering clawbacks in executive compensation?

• To increase executive salaries

• To reduce company expenses

• To ensure compliance and accountability during scandals

• To reward executives for good performance

Who among the following was not directly involved in the 1MDB scandal?

• Lloyd Blankfein

• David Solomon

• Michael Sherwood

• Michael Evans

What is a potential consequence for executives if a scandal worsens?

• Increased bonuses

• Clawback of compensation

• Promotion to a higher position

• Public recognition

What is a common expectation for executives during a scandal, even if they are not directly involved?

• They receive a pay raise

• They are not held accountable

• They are considered responsible

• They are given more responsibilities