Tags: goldman | ceo | pay | blankfein

Goldman Raises CEO Blankfein's 2017 Pay by 9 Percent to $22 Million

Goldman Raises CEO Blankfein's 2017 Pay by 9 Percent to $22 Million
(Mohamed Ahmed Soliman | Dreamstime)

Friday, 23 March 2018 12:42 PM

Goldman Sachs Group Inc. Chief Executive Lloyd Blankfein saw his overall compensation rise 9 percent, despite the investment bank’s lackluster performance in 2017.

Blankfein’s total compensation was about $22 million in 2017, compared with 20.2 million a year earlier, according to a regulatory filing.

Top executives at big Wall Street banks have seen their compensation rise in 2017.

JPMorgan Chase & Co. CEO Jamie Dimon was paid $29.5 million, a 5.4 percent increase; while Morgan Stanley CEO James Gorman’s compensation saw an increase of 20 percent to $27 million.

Citigroup Inc. CEO Michael Corbat’s compensation jumped 48 percent to $23 million.

Goldman’s chief operating officer, David Solomon, was paid $16.4 million in total compensation.

The bank said on Thursday Harvey Schwartz, co-chief operating officer, would retire, leaving David Solomon as sole president and chief operating officer.

Solomon is now the most obvious successor to Blankfein, who has held the top job for 12 years.

Goldman’s profit nearly halved in 2017 as it struggled with a steep drop in trading revenue.

© 2019 Thomson/Reuters. All rights reserved.

   
1Like our page
2Share
Companies
Goldman Sachs Group Inc. said on Friday Chief Executive Lloyd Blankfein's total compensation was about $22 million in 2017, compared with 20.2 million a year earlier.
goldman, ceo, pay, blankfein
170
2018-42-23
Friday, 23 March 2018 12:42 PM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved