Richard Gnodde
Since Sherwood's retirement in 2016, Gnodde has been the CEO of Goldman Sachs International as well as vice chairman of Goldman Sachs. According to the "Financial Times", he is "in sole charge of the Emea area." In March 2017, Gnodde said Goldman Sachs would move jobs to the continent because of Brexit.
Goldman Sachs
Andrew Cuomo, then New York Attorney General, questioned Goldman's decision to pay 953 employees bonuses of at least $1 million each after it received TARP funds in 2008. That same period, however, CEO Lloyd Blankfein and 6 other senior executives opted to forgo bonuses, stating they believed it was the right thing to do, in light of "the fact that we are part of an industry that's directly associated with the ongoing economic distress". Cuomo called the move "appropriate and prudent", and urged the executives of other banks to follow the firm's lead and refuse bonus payments. In June 2009, Goldman Sachs repaid the U.S. Treasury's TARP investment, with 23% interest (in the form of $318 million in preferred dividend payments and $1.418 billion in warrant redemptions). On March 18, 2011, Goldman Sachs acquired Federal Reserve approval to buy back Berkshire's preferred stock in Goldman. In December 2009, Goldman announced that its top 30 executives will be paid year-end bonuses in restricted stock that they cannot sell for 5 years, with clawback provisions.