Goldman Cuts CEO Pay by 36%

The video discusses the involvement of a CEO in the 1MDB scandal, highlighting the repercussions of a significant Justice Department ruling and a $5 billion fine on Goldman Sachs. It also covers the impact of these events on CEO pay cuts and compares the bank bonuses in Asia, which have seen significant increases, to those on Wall Street.

What was the significant financial penalty imposed on Goldman Sachs related to the 1MDB scandal?

• $1 billion

• $3 billion

• $5 billion

• $7 billion

How much of a pay cut did the CEO experience?

• 20%

• 36%

• 50%

• 10%

What is the general perception of the CEO's pay cut in the banking sector?

• Unrelated to performance

• Expected outcome

• Rare event

• Common occurrence

By what percentage did bank bonuses increase for Goldman Sachs bankers in Asia?

• 25%

• 15%

• 20%

• 10%

How do the bonus increases for bankers in Asia compare to those on Wall Street?

• Less significant

• More significant

• Non-existent

• About the same