Goldman Sachs Cuts CEO Salary By 35% (GS)

Goldman Sachs (NYSE:GS) has reportedly reduced its CEO’s, Lloyd Blankfein, salary by 35% to $12.4 million.The Goldman Sachs Group, Inc., a bank holding company, is a global investment banking and securities firm specializing in investment banking, trading and principal investments, asset management and securities services. The Company provides services to corporations, financial institutions, governments, and high-net worth individuals.SmarTrend alerted subscribers to take profits in Goldman Sachs Group on April 05, 2012 at $119.11, since then the stock fell 2.6%. We are now watching for any positive developments that could result in a new uptrend signal.