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Goldman Sachs (GS) increased the annual salary package of CEO Lloyd Blankfein by 75% to $21M for...

Goldman Sachs (GS) increased the annual salary package of CEO Lloyd Blankfein by 75% to $21M for 2012, making him the world's best-paid bank chief. While Blankfein's basic salary stayed unchanged at $2M, his cash bonus and stock award were almost doubled to a respective $5.7M and $13.3M. Other senior executive also received pay rises. The increases come after Goldman's net profit almost doubled and its shares rose 41% in 2012. (SEC filing)
Comments (8)
  • yytcheng
    , contributor
    Comments (14) | Send Message
     
    He probably will enjoy another 75% increase this year for successfully predicting the crash of gold XD
    14 Apr 2013, 05:25 AM Reply Like
  • divinecomedy
    , contributor
    Comments (466) | Send Message
     
    Blankfein should write a check to Ben Bernanke or would it come later when Ben joins as Partner and Vice Chairman.
    14 Apr 2013, 08:38 AM Reply Like
  • The Geoffster
    , contributor
    Comments (4009) | Send Message
     
    I would suggest that this is fair compensation for an executive who directs the actions of the central bankers. At 21M, he's paid the salary of a franchise quarterback.
    14 Apr 2013, 11:02 AM Reply Like
  • Ray Lopez
    , contributor
    Comments (1508) | Send Message
     
    @The Geoffster - Well said, considering that municipalities nowadays subsidize the NFL with stadium concessions in the same way the Fed subsidizes GS with the 'full faith and credit' of the USA behind it. What an effed up world we live in.
    14 Apr 2013, 11:23 AM Reply Like
  • deercreekvols
    , contributor
    Comments (5145) | Send Message
     
    Perhaps those secret meetings, like the one in Moscow with the Secretary of the Treasury, are finally paying off.

     

    How much gold is Goldman Sachs buying now that they have helped push the price lower?
    How many more "sell" calls will they issue while they are buying the stock they are telling the muppets to sell? (NOK was rated a sell by GS while GS bought over 60M shares of NOK)

     

    Congratulations Mr. Blankfein. You are the best of the best of Wall Street and you paycheck tells you so.
    14 Apr 2013, 09:03 AM Reply Like
  • Ashraf Eassa
    , contributor
    Comments (8818) | Send Message
     
    You realize that the sell-side is out to generate trading revenue, right?
    14 Apr 2013, 10:42 AM Reply Like
  • deercreekvols
    , contributor
    Comments (5145) | Send Message
     
    Yep, I get it.
    14 Apr 2013, 02:27 PM Reply Like
  • Joe Dirnfeld
    , contributor
    Comments (1128) | Send Message
     
    Buy the stock
    14 Apr 2013, 09:07 PM Reply Like
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