Goldman Sachs boss gets big pay cut

The CEO of Goldman Sachs, David Solomon, arguably America's best-known investment bank, has seen his pay cut by some 30% for 2022. In announcing the news, Goldman’s board said the pay-cut reflected “the firm’s 2022 performance, relative to peer results.” That was despite the bank suffering a 22% drop in annual profits. (Picture: A Goldman Sachs logo is displayed on a smartphone with stock market percentages on the background. Picture Credit: Getty Images)