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 does the text suggest about the fairness of holding executives accountable for scandals?

What are the implications of being in charge when a scandal occurs, according to the text?