Goldman Sachs awarded CEO Lloyd C. Blankfein a $7m bonus to be paid out in eight years if the firm meets certain targets, on top of $24m in other compensation for 2014.
Bloomberg News reports that the long-term award can shrink or grow based on whether the firm achieves return-on-equity and book-value targets, the bank said Friday in a filing.
Blankfein’s total package of $31m includes $14.67m in restricted shares, half of which are tied to return on equity, a $7.33m cash bonus and a $2m salary.
Blankfein, 60, was the highest-paid CEO among peers at the largest U.S. banks for a third straight year.
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Goldman Sachs Gives Blankfein $7 Million Long-Term Incentive
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