Goldman CEO’s salary tripled
Goldman CEO’s salary tripled to $2 million
Goldman Sachs Group more than tripled Chief Executive Lloyd Blankfein’s salary to $2 million for this year and paid him restricted stock currently worth $12.6 million, according to regulatory filings.
The bank, which has come under fire for its pay practices, also raised the salaries of Chief Financial Officer David Viniar and Chief Operating Officer Gary Cohn to $1.85 million, the filing said. All three executives previously earned a base salary of $600,000, according to filings.
Blankfein will also receive 78,111 restricted stock units, worth $12.6 million by the share price on Friday. The units will convert to stock over the next three years but Blankfein will not be able to sell them until January 2016, according to a filing.
The bank paid Blankfein an all-stock bonus valued at $8.9 million for 2009, when Goldman posted a record annual profit.
Didn’t these guys just get a bailout? Where’s our share? Again the rich get rich by stealing the lives of the poor.
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