logo
  

Goldman Sachs CEO David Solomon Compensation Rises To $27.5 Mln In 2019

Goldman Sachs Group Inc. (GS) disclosed in a regulatory filing that its Chief Executive Officer received David Solomon $27.5 million in compensation for 2019, up from $23.0 million compensation in 2018.

His pay package includes annual base salary of $2 million, a $7.65 million cash bonus and $17.85 million long-term incentive, the company said.

Further, John Waldron, President and COO, got $24.5 million in 2019, higher than $20.0 million last year.

The company's Chief Financial officer Stephen Scherr salary also rose to $22.5 million from $18.0 million last year.

Separately, the company specified that the 2020 Annual Meeting, which is scheduled on April 30, will be held in a virtual meeting format only, via the Internet, with no physical in-person meeting due to Coronavirus.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Luxury electric car maker Tesla Inc. has produced more than 3 million vehicles, of which 1 million in Shanghai Gigafactory, according to its founder and Chief Executive Officer Elon Musk. In a tweet on Sunday, Musk said, "Congrats Giga Shanghai on making millionth car! Total Teslas made now over 3M." King's Hawaiian is recalling its Pretzel Slider Buns, Pretzel Hamburger Buns and Pretzel Bites products as they contain one ingredient already recalled by Lyons Magnus, the U.S. Food And Drug Administration said. The Pretzel recall was initiated out of an abundance of caution after one of its supplier Lyons Magnus recently called back various nutritional and beverage products. German consumer goods maker Henkel AG & Co. reported Monday weak profit in its first half amid increasing costs, despite growth in sales. Further, the company maintained its adjusted earnings forecast for fiscal 2022, but raised outlook for organic sales growth.For fiscal 2022, the company continues to expect adjusted earnings per preferred share to decline in the range of 15 percent to 35 percent
Follow RTT