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Goldman Sachs seeks return of bonuses from bankers for jumping ship

by Mike Robinson

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© Reuters. FILE PHOTO – The logo and ticker symbol for Goldman Sachs are displayed on a floor of the New York Stock Exchange (NYSE), New York, U.S.A, 18 December 2018. REUTERS/Brendan McDermid/File Photo

(Reuters) – Goldman Sachs Group Inc (NYSE 🙂 has been examining measures to prevent top bankers leaving, Bloomberg News reports on Wednesday.

According to the report, Omer Ismail (executive) and David Stark are being investigated by the bank for confiscating their vested stock. This stock is usually used in cases of misconduct. The Wall Street bank had fired both of them last year.

The report said that Goldman also receives unvested compensation for executives Gregg Lemkau (and Eric Lane) who have left Goldman to work at companies they consider clients.

Reuters reached the bank for comment but they did not respond immediately.

Banks around the globe have to offer perks like higher salaries and bonuses in order to retain and attract talent. This is because of the fierce competition.

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