You are here

Goldman Sachs pays CEO US$19.9m

Published: 
Monday, April 7, 2014

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.

 

 

AP

Disclaimer

User comments posted on this website are the sole views and opinions of the comment writer and are not representative of Guardian Media Limited or its staff.

Guardian Media Limited accepts no liability and will not be held accountable for user comments.

Guardian Media Limited reserves the right to remove, to edit or to censor any comments.

Any content which is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will be removed.

Before posting, please refer to the Community Standards, Terms and conditions and Privacy Policy