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Sunday, January 30, 2011

Goldman Sachs CEO, along with four other top execs to triple their salaries from last year...

Salary triples for Goldman CEO Blankfein
By Agence France-Presse
Saturday, January 29th, 2011 -- 12:32 pm

WASHINGTON — US banking powerhouse Goldman Sachs said Friday it was more than tripling the salary of chief executive Lloyd Blankfein to $2 million in 2011 from $600,000 last year.

The four other top executives of Wall Street's premier investment bank will also see their basic salaries triple from the present $600,000: chief operating officer Gary Cohn, finance director David Viniar, and two vice presidents Michael Evans and John Weinberg will each earn $1.85 million, Goldman said in a document published Friday.

Such sums do not include the year-end bonuses which regularly multiply salaries at the top US banks by several times.

Last year Blankfein pulled in a bonus of $9 million.
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