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7 Top Goldman Brass Forgo Annual Bonuses

Law360 (November 17, 2008, 12:00 AM EST) -- The seven top executives at Goldman Sachs Group Inc. will sacrifice their 2008 bonuses, saving millions as the investment bank and other beneficiaries of the $700 billion federal bailout of the financial sector face growing scrutiny over executive pay.

The Goldman executives asked the board of directors Sunday not to award them bonuses for 2008 - a request that the board granted, a company spokesman said.

Last year, Goldman CEO Lloyd C. Blankfein earned $70 million including his bonus.

The move to skip bonuses this year...
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