Investment Banking

Goldman Sachs boss David Solomon has pay doubled to $35m

Solomon’s 2021 pay package consisted of a $2m base salary, a cash bonus of about $10m and a $23.1m stock award

After posting a record annual profit, US investment bank Goldman Sachs doubled David Solomon’s pay in 2021.

Solomon, chief executive at the Wall Street lender, received a $35m pay package for 2021, the bank said in a securities filing on 28 January. That is up from $17.5m in 2020, when Goldman cut his pay by $10m following the bank’s admission that it broke US laws in its dealings with an investment fund at the heart of a global corruption ring.

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