All very well, but still leaves the question of ABSOLUTE pay level unresolved. And how is his pay going to be 'adjusted' if he is not 'beating' rivals? and how is the beat being measured? All a meaningless game of mirrors, maybe some brownie points from gullible journalists and media. Any news is good PR? Given that the firm also is the 'fiduciary' for huge numbers of savers - who can only dream of the 'compensation' that Blankfein allows to be paid to him - one would expect a more serious effort with respect to pay reform.
(20-Mar-2017)
Goldman links Blankfein pay to beating rivals
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