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Goldman Sachs' CEO Blankfein Gets $7 Mln Stock For 2011, Down 44% From Last Year

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
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Goldman Sachs Group Inc. (GS) said in its regulatory filing on Friday, that it awarded Chairman and Chief Executive Officer Lloyd Blankfein a $7 million restricted-stock bonus for 2011, a decrease of 44% from $12.6 million a year earlier.

Blankfein received 61,702 shares on February 1, according to a filing with the U.S. Securities and Exchange Commission. The stock closed at $113.45 in New York that day.

Global investment banking company Goldman Sachs Group has tripled the base salary of its chief executive officer Lloyd Blankfein to $2 million last year from $600,000.

Chief Financial Officer David Viniar, President Gary Cohn, and Vice Chairmen J. Michael Evans and John S. Weinberg each also received 61,702 restricted shares, according to Form 4 filings with the SEC.

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