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23 Feb 2022

Goldman Sachs Pushes for Return of Bonuses in Response to Bankers Looking to Leave

The Index Today

As their top bankers debate leaving, Goldman Sachs Group Inc. is looking at confiscating their bonus pay among other measures, reported Bloomberg News.

The banking firm is calling for the return of vested stocks of David Stark and Omar Ismail after both executives left the organization in 2021. The company is also looking to seize the compensations of Eric Lane and Gregg Lemkau after they left it to join organizations that are considered part of its extensive clientele.

This comes as world banks offer more attractive perks including bonuses and better salaries in a bid to retain top talent as they recover from their pandemic-induced slump.

©Photo: Nikkei Asia

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