Goldman Sachs CEO gets 19% raise, bumping his pay to $27.5 million

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Goldman Sachs CEO David Solomon received a 19% raise for his work in 2019, a filing issued on Friday shows.

The increase bumps his pay to $US27.5 million for 2019, up from $US23 million for his work in 2018.

Solomon’s 2019 compensation includes a $US1.9 million base salary, a $US7.7 million cash bonus, and a $US17.8 million stock bonus, according to the filing.

Goldman Sachs said in the filing that Solomon “successfully executed on his priorities in his first full year as Chairman and CEO,” and “demonstrated a strong commitment to improved transparency,” among other “performance achievements.”

Solomon became CEO of Goldman Sachs in 2018, replacing Lloyd Blankfein.

A spokesperson for Goldman Sachs was not immediately available for comment.