When news of Solomon’s bonus was released, a lot of folks here just rolled their eyes,” one equities trader told The Post. “Of course, that is where our money went.”
The Wall Street veteran will also earn an $80 million retention bonus if he remains with the bank for another five years.
Goldman Sachs staffers are unhappy with their scanty bonuses, especially when compared to the 26% surge in CEO David Solomon's payday on his 63rd birthday.
Wall Street investment bank, whose stock price hit a record high this week, awards CEO Solomon a stock bonus set to vest in 2030.
Goldman Sachs has offered CEO David Solomon a lucrative compensation package to secure his leadership for the next five years.
Goldman Sachs is one of the biggest investment banker “book runners” for IPOs -- where banks are paid many millions of dollars for each listing they
The ways AI is changing the work of bankers and analysts just got clearer at the Wall Street bank.
Goldman Sachs GS-0.41%decrease; red down pointing triangle gave Chief Executive David Solomon an $80 million bonus to stay for five more years, ending any lingering questions about his grasp on ...
The boost, to $39 million for 2024, makes the CEO the best-paid among the top six U.S. banks. Goldman is also tying four executives’ pay, to a degree, to the banks’ efforts connected with private credit.
Goldman Sachs handed its top two executives retention awards worth $129 million to encourage them to keep working at the firm for another five years.
NEW YORK (Reuters) - The Federal Reserve's future moves on interest rates in 2025 will be in a narrow range unless the trajectory of inflation changes, Goldman Sachs CEO David Solomon said in comments posted on the firm's website on Wednesday.
The Wall Street bank is also rolling out a generative AI assistant to its bankers, traders and asset managers, the first stage in the evolution of a program that will eventually take on the traits of a seasoned Goldman employee, Argenti told CNBC on Jan. 21. Goldman confirmed the comments.