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.
Goldman Sachs has offered CEO David Solomon a lucrative compensation package to secure his leadership for the next five years.
Goldman Sachs (GS) is locking in CEO David Solomon for at least another five years with a sweet stock deal — along with a big, annual pay increase.
Goldman's president and chief operating officer was also awarded a retention bonus of $80 million in restricted stock, the bank said on Friday.
The ways AI is changing the work of bankers and analysts just got clearer at the Wall Street bank.
Inflation worries remain despite strong earnings as JPMorgan Chase’s Jamie Dimon and David Solomon of Goldman Sachs weigh risks.
Goldman Sachs CEO labels Bitcoin as a speculative asset, rejecting its threat to the US dollar's dominance amidst regulatory constraints.
Major financial institutions, including Goldman Sachs, are increasing their Bitcoin investments through ETFs while maintaining cautious public stances about its role relative to traditional currencies.
The Wall Street bank is also rolling out a generative AI assistant to its bankers, traders and asset managers, the first stage in the evolution of a program that will eventually take on the traits of a seasoned Goldman employee, Argenti told CNBC on Jan. 21. Goldman confirmed the comments.
NEW YORK (Reuters) - Goldman Sachs raised CEO David Solomon's compensation 26% to $39 million for last year, according to a filing, and its board lined up an $80 million stock retention bonus that signals he will stay at the helm for another 5 years.