Goldman Sachs Cuts CEO David Solomon's Pay About 30%

The transcript discusses changes in compensation at a company, highlighting a $25 million total package with a significant drop in variable compensation. It compares this with rival firms and discusses the implications for employees. The company's performance and strategic direction are also examined, particularly in relation to upcoming events. Finally, it compares CEO compensation across different banks, noting varying approaches to handling compensation.

What factors did the board consider when evaluating the firm's performance?

What challenges does David Solomon face regarding the consumer division?