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Goldman CEO's $53.4M bonus breaks record
News Type: Event — Seeded on Wed Dec 20, 2006 8:07 PM EST
Article Source: Yahoo! Newsadvertisement
NEW YORK - John Mack's record for the biggest bonus ever paid to a Wall Street chief executive didn't last even a week. It was smashed by the $53.4 million that Goldman Sachs gave its chief executive, Lloyd Blankfein.
The bonanza for Blankfein included a cash bonus of $27.3 million, with the rest paid in stock and options. He took the helm of the investment bank in June after President Bush nominated Henry Paulson to be Treasury secretary.
The record payday, disclosed by Goldman Sachs Group Inc. in a filing with the Securities and Exchange Commission on Tuesday, breaks the one set just last Thursday when Morgan Stanley disclosed that it paid CEO Mack $40 million in stock and options.
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 | Goldman CEO's $53.4M Bonus Breaks Record | Associated Press | Wed Dec 20 | 3 |
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