Bonus Watch ’15-’17: Goldman Sachs

Four dreaded words: performance-based restricted stock.
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I'm sorry. What was that?

Lloyd Blankfein & Co have been warned: Pull another one of these, and we’re cutting your allowance.

For the first time, Goldman’s compensation committee decided that a chunk of the awards given to senior management for the previous year will take the form of performance-based restricted stock that will pay out in full only if certain profitability targets are hit in coming years, the investment bank said in its annual proxy filing.

Goldman Ties Leaders’ Compensation to Performance [WSJ]

Earlier: Bonus Watch ’15: Goldman Sachs CEOs

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Bonuses paid in '08 that were of the look-but-don't-touch variety were turned into real live ones that you can buy things with last year. Two billion dollars worth of live ones.