Goldman Sachs CEO Lloyd Blankfein takes 4% cut in compensation for 2015

Discussion in 'Market News' started by Lily, Jan 22, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Majority of Blankfein’s pay was stock ($14.7m) on top of a $2m base salary and a $6.3m cash bonus, and his bank’s net income was down 31% year-over-year

    With his bank’s net income down 31% year-over-year, Goldman Sachs CEO Lloyd Blankfein saw a 4% reduction in compensation in 2015, down $1m to $23m.

    The cut comes after Jamie Dimon at JPMorgan – the US’s largest bank group – received a 35% bump in compensation to $27m after cost-cutting measures, including layoffs of 5,000 workers in 2015, helped stem declines and drive the company to record earnings of $24.4bn for the year.

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