Goldman Sachs Could Slash CEO Bonus Amid Pressure
Goldman Sachs Could Slash CEO Bonus Amid Pressure
NEW YORK (Reuters) - Goldman Sachs Group Inc <GS.N> is likely to slash its chief executive's bonus from the record $67.9 million he got two years ago, but Lloyd Blankfein's pay package could still fuel criticism the bank has been "tone deaf" in its approach to the financial crisis.
"Underneath that cool exterior, it is apparent that there is some very great sensitivity at Goldman about executive compensation these days," said Scott Tangney, a consultant with public relations firm Makovsky + Co, who added that he expects Goldman to pay Blankfein at a lower level than 2007 and other years.
"Because of the government pressure and the public scrutiny, it has already forced Goldman to handle executive compensation in a very different way..."
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