Skip to main content

Blankfein's Henchman Also Excessively Compensated

  • Author:
  • Updated:

For the smartasses out there, RE: my December fatwa—I was just upset with Carney at the time, and probably made some promises I couldn’t keep. You all know me well enough to realize that I could never stay away from Goldman and its bonuses for very long. I’m weak, is that what you wanted to hear?

Goldman Sachs said in a regulatory filing Wednesday that it paid Gary D. Cohn and Jon Winkelried, the firm’s co-presidents and co-chief operating officers, about $52.4 million each in bonuses for its 2006 fiscal year.
That figure includes $26.7 million in cash bonuses, $15.4 million in restricted stock and what the bank estimated was $10.3 million worth of stock options.
By way of comparison, John J. Mack, the chairman and chief executive of rival Morgan Stanley, took home a $40 million bonus last year. Merrill Lynch chief executive Stanley O’Neal got $47.3 million.

Goldman Co-Presidents Out-Earned Many Wall St. Chiefs [DealBook]