Goldman Execs are Paying Themselves a Cut of the Bank's Private Funds
For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.
Apparently, for Goldman Sachs CEO David Solomon, a flourishing side career as a DJ isn't enough to pad the old nest egg as he spies retirement on the horizon.
The bank's head honcho -- whose ventures into electronic music will see him spinning tunes this summer at Chicago's Lollapalooza -- is taking a cut of the profits from the bank's lucrative private investment funds. So are several of his top lieutenants, according to The Wall Street Journal. Investors, already up in arms about executive payouts, might not like the sound of this tune.
Source Fool.com
