Breaking news: Goldman Sachs has boosted chief executive David Solomon’s pay by 26% to $39mn and set up $80mn retention plans for him and president John Waldron in an effort to ensure the pair remain at the bank

Breaking news: Goldman Sachs has boosted chief executive David Solomon’s pay by 26% to $39mn and set up $80mn retention plans for him and president John Waldron in an effort to ensure the pair remain at the bank https://on.ft.com/42hyJ2M

High rewards for top talent are common in the banking industry to retain key executives. This move by Goldman Sachs aims to secure the leadership of David Solomon and John Waldron. Will this strategy prove effective in the long term? Time will tell.