Lloyd Blankfein's compensation dropped 35 percent, while his in-a-mood president got a raise.

Blankfein’s pay included a $3 million cash bonus, $7 million in restricted stock, $2 million in salary and $449,600 in other benefits, according to a proxy statement today from the New York-based firm. Last year it granted him $5.4 million in cash, $12.6 million in restricted stock, a $600,000 salary and about $464,100 in benefits for 2010...President and Chief Operating Officer Gary D. Cohn was awarded $11.85 million for his performance during the year, plus benefits. Like Blankfein, [Cohn's] awards included $3 million cash bonuses and $7 million in restricted stock. The firm disclosed in January 2011 that Blankfein’s salary would increase to $2 million in 2011 from $600,000 previously and that Cohn, CFO David Viniar and Vice-Chairmen Michael Evans and Weinberg get salaries of $1.85 million apiece. Each of them had received $600,000 salaries since 1999, the year the firm became a public company.

[Bloomberg]