Lloyd Blankfein Just Got A Solid Raise

Goldman Sachs CEO Lloyd Blankfein will earn $US23 million for 2013, the Financial Times’ Camilla Hall and Stephen Foley report.

That’s a 10% increase. From the FT:

Mr Blankfein was awarded 88,422 in restricted share units, according to a filing with the Securities and Exchange Commission, that are worth $US14.7m based on Goldman’s closing share price of $US165.84 on Thursday.

The restricted stock units, which typically total about 70 per cent of his bonus, mean he is expected to be paid another $US6.3m in cash. That is in addition to his $US2m salary, taking his overall package to $US23m.

Blankfein rival and JP Morgan CEO Jamie Dimon also got a raise (amid the bank’s legal troubles) after taking a massive $US11.5 million pay cut in 2012.

Read the full report at the FT »

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