Billy1st III%'s Blog – January 2011 Archive (1)
Goldman Sachs chief 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…
ContinueAdded by Billy1st III% on January 29, 2011 at 10:43pm — No Comments
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