Harvey Schwartz, Goldman's head of global sales and a co-head of the firm's securities division. "People don't realize how much sales drives Goldman's business," said one Wall Street headhunter. "Harvey is always among the firm's best paid people."
Isabelle Ealet, London-based global head of commodities and who runs the sales team for this hugely successful trading operation. She ranks No. 32 on Fortune magazine's list of the most powerful women in business.
Gordon Dyal, global head of mergers and acquisitions. According to Deallogic, Goldman ranked No.1 in global M&A transactions through the first three-quarters of the year. Its investment banking division had produced $3.2 billion in net revenue. In one of the biggest fee-generating deals of the year, Goldman advised Burlington Northern Santa Fe when the railroad was bought out for $44 billion by Warren Buffett's Berkshire Hathaway.
Richard Friedman, 51-year-old head of Goldman's merchant banking division. A few years ago he helped pull off the historic initial public offering of the Industrial and Commercial Bank of China. Goldman has maintained a modest investment stake in ICBC, which continues to produce eye-popping returns -- ICBC shares yielded Goldman $1.1 billion worth of revenue through the first nine months of 2009.
Goldman, which was among a slew of banks that took TARP funds last year during the thick of the financial crisis, has come under attack for its reported compensation kitty --which is expected to exceed $20 billion.
Most recently, the Security Police and Fire Professionals of America Retirement Fund filed a shareholder lawsuit against Goldman, naming Blankfein and other executives as defendants. The suit is seeking to recover billions of dollars in bonus money the institutional investor claims is being paid out improperly. Goldman has said the suit is without merit.
Goldman released a statement last week saying it had decided to make changes to its compensation practices. The firm has been deluged by criticism that it made billions on the back of the American taxpayer. While Goldman has paid back TARP money it took, it has also benefited from billions in bonds that it issued. The bonds were backed by the FDIC.
Goldman is also said to have benefited indirectly from government billions paid to the failed insurance giant AIG -- funds that AIG used to repay loans to Goldman. Critics say Goldman has also been allowed to take advantage of the Federal Reserve's discount window, where assets that are deemed dicey can be used as collateral to borrow cash cheaply.
The firm's 30-person management committee won't receive a cash bonus for 2009. Instead, the members will be paid entirely in shares of Goldman stock. This group includes Blankfein, Cohn, Viniar, Dyal, Ealet, Eisler, Friedman, Heller, Schwartz and Spilker (see above). It also includes John Weinberg, J. Michael Evans, Michael Sherwood, Kevin Kennedy, Timothy O'Neill, Gregory Palm, Masanori Mochida, Christopher Cole, Esta Stecher, Edward Forst, Richard Gnodde, Richard Ruzika, Yoel Zaoui, David Solomon, Edith Cooper, Gwen Libstag, John Rogers, Pablo Salame, Donald Mullen and Alan Cohen.