BUSINESS BRIEFING / BANKING
- Share via
After raking in millions as a top executive of Goldman Sachs Group Inc., Lloyd C. Blankfein said outsized banker pay encouraged excess and worked “against the public interest.”
The furor over bankers’ pay after last year’s financial crisis often was “understandable and appropriate,” Blankfein reportedly said at a banking conference in Germany.
“There is little justification for the payment of outsized discretionary compensation when a financial institution lost money for the year,” Blankfein said.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
