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A Goldman Sachs sign is seen above the floor of the New York Stock Exchange shortly after the opening bell in the Manhattan borough of New York January Image Credit: Reuters

New York: Goldman Sachs Group Inc. slashed compensation for its CEO David Solomon by 29 per cent to $25 million for 2022, the bank said in a filing Friday.

The compensation, which is Solomon's lowest since taking the helm in 2018, comprises a $2 million base salary, $6.9 million cash bonus and $16.1 million in restricted stock. He was paid $35 million for 2021.

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