© Reuters. FILE PHOTO: Goldman Sachs chairman and CEO David Solomon speaks during Goldman Sachs analyst impact fund competition at Goldman Sachs Headquarters in New York City, U.S., November 14, 2023. REUTERS/Brendan McDermid/File Photo
JPM
-0.47%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
By Lananh Nguyen
(Reuters) -Goldman Sachs CEO David Solomon was awarded $31 million in compensation for 2023, up 24% from $25 million in 2022, the company said in a filing on Friday.
Solomon’s pay comprises a $2 million base salary, unchanged from the previous year, and a bonus of $8.7 million in cash and $20.3 million in performance-linked stock, the bank said.
The pay bump comes after the bank’s profit fell 24% to $8.52 billion in 2023.
“The Compensation Committee believes that the actions of senior management were critical to reorienting the firm with a much stronger platform for 2024 and beyond,” Goldman disclosed in its regulatory filing, in reference to the pay hike.
Among peers on Wall Street, JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon’s compensation climbed 4.3% in 2023, while Morgan Stanley’s former CEO James Gorman earned 17% higher in the same period.
Source: Investing.com