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Three months ago, Goldman Sachs’ board of directors handed CEO David Solomon $50 million in the bank’s stock to keep him on side. Apparently, however, this was insufficient to ensure that he doesn’t join in the Great Resignation to go run some other bank or take up music full-time or whatever, because

Mr. Solomon received a $35 million pay package for 2021, the bank said in a securities filing Friday. That is up from $17.5 million in 2020, when Goldman cut his pay by $10 million following the bank’s admission that it broke U.S. laws in its dealings with an investment fund at the heart of a global corruption ring…. Mr. Solomon’s 2021 pay package consisted of a $2 million base salary, a cash bonus of about $10 million and a $23.1 million stock award that is tied to how well the bank performs in the next few years.

Goldman Doubles CEO David Solomon’s 2021 Pay to $35 Million [WSJ]



Unnecessary Bonus Watch ’21: David Solomon

He doesn’t need the extra $50 million to stick around, but the board’s giving it to him anyway.


Bonus Watch ’21: Up-And-Coming Local D.J.s

David Solomon better hope Lollapalooza pays well if Glass Lewis gets its way.

Jamie Dimon Candidate

Bonus Watch ’21: Goldman Sachs and JPMorgan Chase

D-Sol and Dimon are getting in the holiday spirit.


Babying Junior Mistmakers Costing Goldman Big

Profit down, pay up? What is this, the Salvation Army?

(Getty Images)

Bonus Watch: JPMorgan Chase CEOs

Jamie Dimon’s one-time-only special retention bonus will definitely not happen again.

Goldman Sachs Balds 2

(Taking Back) Bonus(es) Watch: Current, Former Goldman Sachs CEOs

$5.1 billion in fines demands a $174 million decrease in the comfort of millionaires.


Goldman Sachs Urges Elect To Vote, But Not Before It Squares This Nasty 1MDB Business Away

Luckily for David Solomon, Bill Barr is super-busy destroying democracy these days.