Goldman Sachs CEO pays price of 1MDB scandal

Goldman Sachs Chief Executive David Solomon's annual pay fell by $10 million, or 36 percent, in 2020, according to regulatory disclosures filed Tuesday, reflecting the bank's role in Malaysia's 1MDB scandal.

Solomon will receive $17.5 million for his work during the year, compared with $27.5 million the year before, the bank said.

Goldman previously announced it would...