Goldman Sachs has linked bonuses and promotions to
employees’ success in protecting the firm’s reputation and put new restrictions
on some client transactions to avoid a repeat of the damage to its standing in
the wake of the financial crisis.
Bloomberg reports that a 'new-activity committee' will
evaluate and approve suitability when clients undertake transactions that carry
new risks, New York-based Goldman Sachs said Thursday in a report.
When setting year-end pay, the firm is reviewing employees’
efforts to protect its reputation and win clients’ trust, according to the
report….
No comments:
Post a Comment