Goldman Sachs CEO David Solomon gets 29% pay cut to $25 million after tough year
Publishing timestamp: 2023-01-27 13:08:52
Summary
Goldman Sachs CEO David Solomon will receive a $25 million compensation package for his work in 2022, which is lower than the $35 million he was granted for his 2021 performance. The package includes a $2 million base salary and variable compensation of $23 million, with 70% of the bonus in the form of restricted shares tied to performance metrics. Goldman's full-year earnings fell by 48% to $11.3 billion due to industrywide slowdowns in capital markets activity. Solomon's pay package is smaller than that of CEOs Jamie Dimon of JPMorgan Chase and James Gorman of Morgan Stanley.
Sentiment: NEUTRAL
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