Bloomberg: Goldman Sachs’s Top 30 Managers to Get Bonuses in Stock Only
Dec. 10 (Bloomberg) -- Goldman Sachs Group Inc., the most profitable securities firm in Wall Street history, said the firm’s top 30 executives will receive their entire year-end bonus in stock that will be locked up for five years.
The award will be comprised of so-called shares-at-risk, allowing the firm to take them back if it determines that the executive failed to adequately analyze or raise concern about risks, the New York-based company said in a statement today. The firm also will give shareholders a non-binding vote on compensation.
The award will be comprised of so-called shares-at-risk, allowing the firm to take them back if it determines that the executive failed to adequately analyze or raise concern about risks, the New York-based company said in a statement today. The firm also will give shareholders a non-binding vote on compensation.
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