It’s sneaking peeks in the showers in High School all over
again. Goldman CEO Lloyd Blankfein is
back on top of the Wall Street heap. After
five years of lagging his rival, JPMorgan Chase CEO Jamie Dimon, the Goldman
Sachs head honcho is once again rolling in more bonus dough. Blankfein scored $13.3 million worth of stock
awards, compared to the $11.5 million Dimon was granted.
Dimon saw his pay slashed by 50 percent in the wake of the
bank’s $6.2 billion “London Whale” trading loss, which came to light in May. That’s despite the CEO leading the bank to a
53 percent surge in fourth-quarter profits, to $5.7 billion.
JPMorgan said yesterday that it awarded bank co-COO Matt
Zames $9.1 million in restricted stock after he helped the bank unwind trades
connected to the London Whale.
At Goldman, the stock portion of Blankfein’s bonus was 90
percent higher than the $7 million in shares he was awarded last year. The Goldman boss likely will score an
additional $5 million or $6 million in cash.
After factoring in his stock awards and $1.5 million salary,
his total haul is closer to $20 million — roughly 30 percent ahead of the total
$16.2 million in pay he received last year….
No comments:
Post a Comment