(Image credit: Chris Hondros/Newsmakers)
An ex–Goldman Sachs trader is suing the investment bank because it awarded him a discretionary bonus of only $8.25 million — almost $5 million less than he told his mother he was getting. "Let's be very clear," said Deeb Amin Salem, 35, at his arbitration hearing. "I was one of the most sought-after investment professionals in the mortgage industry." Goldman calls his lawsuit "utterly ridiculous."
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