Former Goldman Sachs president Gary Cohn is standing out as the lone executive so far refusing to part with up to $10m in historical pay as the US investment bank looks to recoup up to $67m in bonuses as part of its settlement over the 1MDB corruption scandal.
Six weeks after the bank declared its intention to recoup historical bonuses paid out to former executives including its former chief executive Lloyd Blankfein and ex-chief financial officer David Viniar, Cohn is still resisting returning the money, according to Bloomberg.