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 »

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

clusterstock-us