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Why Goldman’s David Solomon is getting a chunk of the bank’s private equity profits
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David Solomon is getting a bigger slice of Goldman Sachs’ private-equity profits.
The Goldman Sachs chief executive and a tight circle of lieutenants are taking a cut of profits from the firm’s private investment funds, according to people familiar with the plans. The perk could be worth hundreds of millions of dollars over the next several years to those executives, the people said, multiples of their annual pay depending on how those funds do.
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