 "David Solomon")
Goldman Sachs Group awarded Chief Executive Officer David Solomon $27.5 million in compensation for 2019, his first full year on the job.
His pay included $2 million in salary, a $7.65 million cash bonus and $17.85 million long-term incentive, the New York-based bank said Friday in a filing.
The pay boost comes just as Goldman is embarking on a $1.3 billion cost-cutting plan that includes removing some managers and shifting employees to less expensive locales. That is aimed at helping the firm meet a goal Solomon, 58, set at the firm’s first-ever investor day in January to boost
His pay included $2 million in salary, a $7.65 million cash bonus and $17.85 million long-term incentive, the New York-based bank said Friday in a filing.
The pay boost comes just as Goldman is embarking on a $1.3 billion cost-cutting plan that includes removing some managers and shifting employees to less expensive locales. That is aimed at helping the firm meet a goal Solomon, 58, set at the firm’s first-ever investor day in January to boost
