Goldman Said to Boost CEO’s Bonus 11% to $21 Million [View all]

[denem]

Source: Bloomberg

Goldman Sachs Group Inc. (GS) Chief Executive Officer Lloyd C. Blankfein, the highest-paid head of a U.S. bank for 2012, saw his bonus increase 11 percent to $21 million for his work last year.

Blankfein, who also serves as chairman, received 88,422 restricted shares on Jan. 28 valued at $14.7 million, according to a regulatory filing. He also got a cash award amounting to the typical 30 percent of his total bonus, according to a person with knowledge of the payout. On that basis, the cash portion of his bonus would be about $6.3 million.

Read more: http://www.bloomberg.com/news/2014-01-30/goldman-increases-blankfein-s-stock-bonus-11-to-14-7-million.html