{"id":400911,"date":"2022-01-29T03:28:31","date_gmt":"2022-01-29T00:28:31","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/goldman-ceo-david-solomon-gets-27-pay-bump-to-35-million\/"},"modified":"2022-01-29T03:28:31","modified_gmt":"2022-01-29T00:28:31","slug":"goldman-ceo-david-solomon-gets-27-pay-bump-to-35-million","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/goldman-ceo-david-solomon-gets-27-pay-bump-to-35-million\/","title":{"rendered":"#Goldman CEO David Solomon gets 27% pay bump to $35 million"},"content":{"rendered":"<p>&#8220;<strong>#Goldman CEO David Solomon gets 27% pay bump to $35 million<\/strong>&#8221;<\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Goldman Sachs Chief Executive Officer David\u00a0Solomon\u00a0will get a 27% raise in annual pay, bringing his total compensation for 2021 to $35 million, the bank said on Friday.<\/p>\n<p>The <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> on the Goldman chief\u2019s pay comes after competitor James Gorman, CEO at Morgan Stanley, also raked in the same amount \u2014 $35 million \u2014 for 2021, Morgan Stanley reported late last week.<\/p>\n<p>Both will make slightly more than JPMorgan Chase CEO Jamie Dimon, whose 2021 total compensation clocked in at $34.5 million.<\/p>\n<p>At Goldman, Solomon\u2019s total pay includes an annual base salary of $2 million and a variable compensation of $33 million, 70% of which is in the form of goal-based stock compensation or restricted stock units.<\/p>\n<p>Since taking over the reins from Lloyd Blankfein in 2018,\u00a0Solomon\u00a0has looked to diversify the bank\u2019s revenue to focus more on predictable streams including consumer banking, wealth and asset management, while reducing reliance on capital markets-focused businesses.<\/p>\n<p>The bank reported a net income of $21.64 billion in 2021, compared with $9.46 billion a year earlier.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/goldman-sachs_77.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Goldman Sachs logo\" class=\"wp-image-20942430\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/goldman-sachs_77.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/goldman-sachs_77.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/goldman-sachs_77.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Goldman reported weaker-than-expected results earlier this month and its stock is underperforming the market as a whole so far this year.<\/figcaption><figcaption><span class=\"credit\">Ramin Talaie\/Corbis via Getty Images<\/span><\/figcaption><\/figure>\n<p>Still, earlier this month, Goldman reported a 13 percent dip in profit as trading revenue slumped. Its latest quarterly results sharply missed analyst expectations, leading investors to file out of the company\u2019s stock.<\/p>\n<p>The Wall Street giant posted $3.94 billion in profit, or $10.81 per share for the quarter ending Dec. 31 \u2014 far less than the $11.76 analysts predicted, according to Refinitiv data.<\/p>\n<p>Goldman\u2019s shares are down more than 12% so far this year, turning in a worse performance than the market as a whole, which is down about 7.6%.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/01\/28\/goldman-ceo-david-solomon-gets-27-pay-bump-to-35-million\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Goldman CEO David Solomon gets 27% pay bump to $35 million&#8221; Goldman Sachs Chief Executive Officer David\u00a0Solomon\u00a0will get a 27% raise in annual pay, bringing his total compensation for 2021 to $35 million, the bank said on Friday. The news on the Goldman chief\u2019s pay comes after competitor James Gorman, CEO at Morgan Stanley, also&#8230;<\/p>\n","protected":false},"author":1,"featured_media":400912,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/David-Solomon.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[74888,125035,70789,70790,73985,70791,70792,73986,80629],"class_list":["post-400911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-banking","tag-1-28-22","tag-david-solomon","tag-goldman-sachs","tag-james-gorman","tag-jamie-dimon","tag-jpmorgan-chase","tag-morgan-stanley","tag-salaries"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/400911","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=400911"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/400911\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/400912"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=400911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=400911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=400911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}