About: http://data.cimple.eu/news-article/2315982d05c8351cdeed0051d81cc805b49e4c5077fdecc9246fef57

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rdf:type	schema:NewsArticle
schema:articleBody	Goldman Sachs cut its CEO David Solomon's 2020 salary by $10 million to $17.5 million because of the bank's role in the 1MDB Malaysian bribery scandal, according to documents filed Tuesday. "The amounts of remuneration reflect the decision announced by the board of directors," said a securities filing that also detailed pay-cuts for COO John Waldron and CFO Stephen Scherr. Although the three were not "aware of the firm's participation in any illicit activity at the time the firm arranged the 1MDB bond transactions, the Board views the 1MDB matter as an institutional failure," it said. Goldman Sachs pleaded guilty in October over its role in the scandal, and agreed to pay nearly $3 billion to close US investigations. Former Malaysian leader Najib Razak was sentenced last year to 12 years in jail on corruption charges linked to the scandal that led to the downfall of his government. Riza allegedly received huge sums from 1MDB, including to bankroll his Hollywood production company, which made "The Wolf of Wall Street", starring Leonardo DiCaprio. juj/la/bgs/ch
schema:headline	$10 mn pay-cut for Goldman Sachs CEO over 1MDB scandal
schema:mentions	Chief operating officer Chief financial officer Najib Razak Bribery Goldman Sachs Leonardo DiCaprio Hollywood Chief executive officer John Waldron (police officer) Tony Scherr David M. Solomon 1Malaysia Development Berhad 1Malaysia Development Berhad scandal SEC filing
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-01-27 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	80 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

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