When news of Solomon’s bonus was released, a lot of folks here just rolled their eyes,” one equities trader told The Post. “Of course, that is where our money went.”
The Wall Street veteran will also earn an $80 million retention bonus if he remains with the bank for another five years.
Goldman Sachs staffers are unhappy with their scanty bonuses, especially when compared to the 26% surge in CEO David Solomon's payday on his 63rd birthday.
Wall Street investment bank, whose stock price hit a record high this week, awards CEO Solomon a stock bonus set to vest in 2030.
Goldman Sachs has offered CEO David Solomon a lucrative compensation package to secure his leadership for the next five years.
Goldman Sachs is one of the biggest investment banker “book runners” for IPOs -- where banks are paid many millions of dollars for each listing they
The ways AI is changing the work of bankers and analysts just got clearer at the Wall Street bank.
Goldman Sachs GS-0.41%decrease; red down pointing triangle gave Chief Executive David Solomon an $80 million bonus to stay for five more years, ending any lingering questions about his grasp on ...
The boost, to $39 million for 2024, makes the CEO the best-paid among the top six U.S. banks. Goldman is also tying four executives’ pay, to a degree, to the banks’ efforts connected with private credit.
Goldman Sachs handed its top two executives retention awards worth $129 million to encourage them to keep working at the firm for another five years.
Goldman's president and chief operating officer was also awarded a retention bonus of $80 million in restricted stock, the bank said on Friday.
Inflation worries remain despite strong earnings as JPMorgan Chase’s Jamie Dimon and David Solomon of Goldman Sachs weigh risks.