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Goldman Sachs CEO gets $9 million bonus
Goldman Sachs said Friday that its chief executive, Lloyd Blankfein, received a stock-based bonus of $9 million in 2009, ending weeks of speculation about how much the New York-based investment bank would dole out amid rising public anger over Wall Street pay.
The amount, although eye-popping by Main Street standards, is smaller than the stock-based bonuses his rivals received for 2009. On Friday, J.P. Morgan Chase said it would award $17 million to chief executive Jamie Dimon.
In a regulatory filing, Goldman said Blankfein received restricted stock Friday worth just shy of $9 million based on the firm's closing share price of $154.16. Two years ago, Blankfein set an industry record by receiving a $68 million bonus, about a third of it in cash, after his firm made $11.6 billion. He took no bonus in 2008, when profits plunged during the financial crisis.