Goldman Sachs Seeks to Recoup $174 Million From Executives

Goldman Sachs Seeks to Recoup $174 Million From Executives

DealBook Business and PolicyDealBook NewsletterDo compensation clawbacks deter wrongdoing?Oct. 23, 2020, 8:11 a.m. ETThis Nov. 17 and 18, DealBook opens its doors to our first Online Summit. Join us as we welcome the most consequential newsmakers in business, policy and culture to explore the pivotal questions of the moment — and the future. Watch from anywhere in the world, free of charge. Register now.ImageImageGoldman Sachs admitted that it had paid bribes to Malaysian officials in a scandal that toppled the country's leader.Credit...John Taggart for The New York TimesThe $174 million question As expected, Goldman Sachs yesterday admitted criminal wrongdoing by its Malaysian subsidiary in the 1MDB scandal. The settlement has brought the fines the bank will pay in the foreign bribery case to more than $5 billion, an amount that