Goldman Sachs paid pro golfer Patrick Cantlay more than $1 million annually, sources say
Publishing timestamp: 2023-11-22 15:32:09
Summary
The article reports that Goldman Sachs paid professional golfer Patrick Cantlay over $1 million annually in a sponsorship deal linked to the bank's consumer-banking efforts. The deal included a minimum of $1.1 million annually, with performance bonuses for PGA Tour and Major victories. However, Goldman Sachs decided not to renew Cantlay's sponsorship this year as part of its retrenchment from its retail banking push. Cantlay initially wore a cap with the bank's Marcus brand, but it was later replaced with the Goldman Sachs name. Cantlay still appears as a brand ambassador on Goldman's website.
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Keywords: business, investment strategy, breaking news: investing, breaking news: markets, breakingnewsglobal, business news, sports, goldman sachs group inc, banks, golf,
Source: https://www.cnbc.com/2023/11/22/goldman-sachs-patrick-cantlay-pay.html