Bonus Shock: Goldman CEO Gets Just $9M

Rumors were that when Goldman Sachs CEO Lloyd Blankfein's bonus was announced, it would be the bonus to beat all bonuses. The Times of London reported Blankfein's bonus could reach $100 million. Wall Street waited with bated breath. The final number: $9 million, but not in cash -- in company stock that can't be sold for five years. That's what Blankfein received in bonus compensation for last year's record profits -- a number that was far below even the most conservative estimates. The...Full Story
Commenting on this article is closed.