Goldman CEO said to take $24m bonus for 2014

Lloyd Fonzie Blankfein

Goldman Sachs awarded CEO Lloyd C. Blankfein $24 million in salary and cash and stock bonuses for 2014, according to a person familiar with the matter.

Bloomberg News reports that Blankfein, 60, who also serves as chairman, received restricted shares valued at $14.67 million on January 20, half of it tied to performance requirements, the New York-based company said Thursday in a filing.

While Blankfein typically receives about 30% of his total bonus in cash, the ratio is slightly higher for his 2014 award, a person with knowledge of the payout said, asking not to be identified because it hasn’t been announced. On that basis, the cash portion is about $7.33 million. He also receives a $2 million annual salary.

Hit the link below to access the complete Bloomberg article:

Goldman Said to Award Blankfein $24 Million in Stock, Cash

Billions in Lost 401(k) Savings, Abusive Brokers Under White House Scrutiny

JefferiesAnd the Best Place to Work in the global financial markets 2018 is...

Register for HITC Business News