Hank Paulson's going to have a nice fourth of July. In the first place, he's now officially between jobs. Done at Goldman and not yet Treasury Secretary. So even on this weird half-day, 1 PM market closing Monday he can go bird spotting. Oh, yeah, and Goldman gave him almost $19 million for his mid-year bonus.
Incoming U.S. Treasury Secretary Henry Paulson was awarded an $18.7 million cash bonus for six months of work as Goldman Sachs Group Inc.'s (GS.N: Quote, Profile, Research) chief executive, the investment bank said on Monday.
In its quarterly report, Goldman said the compensation committee of its board of directors on June 29 approved the payment in recognition of Paulson's "leadership" in the six months ended May 31.