Sunday, January 30, 2011

Goldman Sachs boss Lloyd Blankfein gets $15m pay award...


Wall Street firm Goldman Sachs Group has tripled the base salary of chief executive Lloyd Blankfein to $2m (£1.3m), up from $600,000.

And company filings show he was also awarded shares currently worth $12.6m, a 42% hike from the the stock bonus he received for 2009.

It comes even after the bank's profit fell 38% in 2010 to $8.35bn.

Banks were pressed to reduce bonuses in 2009 after the 2008 global economic collapse, largely blamed on bankers. More...

Don't miss:
  1. Public backlash as UK bailed-out bank bonuses culture continues...
  2. Goldman Sachs pay out $111million in bonuses despite taking billions in bailout money..
  3. Wall Street bankers to pocket record-breaking $144 BILLION in pay and bonuses...
  4. How Goldman Sachs gambled on starving the world's poor - and won!
  5. The perks of being a Goldman Sachs kid... 

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