Tags: goldman sachs | executives | award | tax reform

Report: Goldman Sachs Plans Awards to Execs After Tax Law Change

Report: Goldman Sachs Plans Awards to Execs After Tax Law Change
(Richard Drew/AP)

By    |   Friday, 29 December 2017 10:01 PM

Goldman Sachs awarded some of its top executives nearly $100 million early because of changes due to the new tax law, a move that should save the company money as well, The Hill reported Friday.

The awards, given in stock, were planned for 2018, but the new tax law includes a provision changing how much executive compensation companies will be able to deduct.

President Donald Trump signed the tax reform legislation into law earlier this month. It also cuts the corporate tax rate from 35 percent to 21 percent.

As many as ten top finance executives were slated to receive the awards.

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Goldman Sachs awarded some of its top executives nearly $100 million early because of changes due to the new tax law, a move that should save the company money as well, The Hill reported Friday.
goldman sachs, executives, award, tax reform
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2017-01-29
Friday, 29 December 2017 10:01 PM
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