A record was set recently when a $53.4 million bonus was paid by Goldman Sachs to its chief executive, Lloyd Blankfein. The pay-off for Blankfein included a cash bonus of $27.3 million, with the rest to be paid in stock and options. Blankfein took the helm of the investment bank in June. The record payday, disclosed by Goldman Sachs Group Inc. in a filing with the Securities and Exchange Commission, breaks the record set just a week or so before when Morgan Stanley disclosed that it paid CEO John Mack $40 million in stock and options.
Source: Montgomery Advertiser
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