Fund manager earned well over double Goldman CEO in 2015

Pot Of Gold

Goldman Sachs awarded CEO Lloyd Blankfein a $7m bonus to be paid out over eight years if the firm meets certain targets, bringing his total compensation for last year to $30m.

Bloomberg News reports that Blankfein, 61, can receive more or less of the long-term incentive award based on whether the firm achieves return-on-equity and book-value targets, the firm said Friday in a filing. His package includes $14.7m in restricted shares, a $6.3m cash bonus and a $2m salary.

In the meantime, Bloomberg also reports that Gamco Investors’ CEO Mario Gabelli received $75m in compensation for 2015, ranking him among last year’s highest-paid Wall Street executives.

Gabelli’s pay included a $12.8m incentive management fee and $18.7m for “attracting and providing client service,” including portfolio management, to several of the firm’s accounts, according to a proxy statement filed Friday. He was paid about $43.5m for serving as portfolio manager of various funds he also created.

Goldman Sachs Gives Blankfein $7 Million Long-Term Incentive

Gamco CEO Mario Gabelli Reaps $75 Million in 2015 Compensation

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

Register for HITC Business News