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Goldman Sachs has slashed its chief executive’s pay packet by almost 30% after a turbulent year that resulted in one of the largest round of job cuts in the Wall Street lender’s history.
The bank revealed on Friday that David Solomon had been paid $25m (£20m) for 2022, down from $35m a year earlier, after the bank revealed a 50% drop in annual profits following a slump in dealmaking. Solomon’s pay included a $2m base salary and $23m in bonuses.
