Goldman Sachs cuts CEO Solomon's 2022 pay by 29% to $25 mn

Goldman Sachs Group Inc cut Chief Executive Officer David Solomon's compensation for 2022 by about 29% to $25 million from $35 million in 2021. The bank's compensation committee cited the "challenging operating environment" as a factor in deciding Solomon's pay, according to the bank's filing. The package includes a $2 million base salary and $23 million in variable compensation.