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Top Goldman Execs to Share £400m in One of Wall St's Biggest Paydays
David Solomon is expected to receive about $100 million as Goldman’s share price outperformed most Wall Street rivals over five years.
- Goldman Sachs is preparing equity awards exceeding $500 million for senior executives, one of the largest payouts in the Wall Street bank's history.
- The bank disclosed this long-term incentive scheme in 2021 when Wall Street banks benefited from record dealmaking and a boom in "blank cheque" companies amid Covid.
- CEO David Solomon is expected to receive about $100 million in share-based awards, while President and COO John Waldron also benefits from the scheme.
- Final payouts depend on stock market performance relative to peers at the end of October, though Goldman's shares are up about 180 per cent over three years.
- After exiting loss-making retail banking, Goldman doubled down on investment banking and trading, helping the firm outperform most Wall Street rivals over five years.
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The incentive scheme was set at 2021, an exceptional year for investment firms
·Madrid, Spain
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U.S. investment bank Goldman Sachs is expected to pay special stock compensation totaling over $500 million (approximately 670 billion won) to about 20 top executives. CEO David Solomon is expected to receive more than $100 million (approximately 134 billion won) of this amount. According to Bloomberg on the 8th (local time), Goldman Sachs is paying its top executives the highest ever under the long-term performance compensation system introduce…
Coverage Details
Total News Sources14
Leaning Left2Leaning Right5Center4Last UpdatedBias Distribution46% Right
Bias Distribution
- 46% of the sources lean Right
46% Right
L 18%
C 36%
R 46%
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