Researching T&T’s past has always been part of artist Joshua Lue Chee Kong’s process in creating his work, and now he’ll have the opportunity to do so as he has been chosen as the T&T...
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Goldman Sachs pays CEO US$19.9m
NEW YORK—Goldman Sachs chairman and CEO Lloyd Blankfein’s total compensation rose by almost 50 per cent to US$19.9 million last year, boosted by the value of his stock awards. The value of Blankfein’s stock awards more than doubled from US$5.3 million to US$11.3 million. Goldman’s stock rose 39 per cent in 2013 as the bank’s profits climbed. The executive’s cash bonus also increased, climbing 11 per cent to US$6.3 million.
Blankfein has been chairman and CEO since 2006, and has spent more than 30 years at Goldman. His base salary remained unchanged at US$2 million from a year earlier. The bank’s earnings rose about 9 per cent last year as its investment banking revenues improved. He also received US$323,759 in other compensation, including US$43,804 for a car and driver, according to a regulatory filing the bank made Friday.