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Net Net: Promoting innovation and managing change

For ex-Goldman trader, $8 million bonus not enough

Eugene Gologursky | Getty Images

A former Goldman Sachs trader reportedly promised his mom he was getting a $13 million bonus, and he's fighting to keep his word.

Deeb Salem has filed a legal challenge against the firm, which gave him an $8.25 million bonus in 2010, which he said was light by nearly $5 million, according to a report in the New York Post.

Though the Financial Industry Regulatory Authority already has ruled against Salem's claims, he has taken the battle to arbitration. He's seeking the full bonus even though he has admitted betting against a mortgage bond issue that Goldman sold to its customers.