Goldman Sachs Gives CEO MASSIVE Pay Raise As Wall Street Demands Government Bailouts

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Goldman Sachs Gives CEO MASSIVE Pay Raise As Wall Street ...

Source: Baxter Dmitry

Goldman Sachs CEO David Solomon and his top lieutenants all received massive pay raises on Friday, as Wall Street demands multi-billion dollar government bailouts because of the coronavirus.

Chief Executive David Solomon got a 19% raise in 2019, a message likely to resonate poorly among traders and bankers who saw their own bonuses cut and who are facing a long period of economic uncertainty,” The Wall Street Journal reported Friday.

Mr. Solomon earned $24.7 million in 2019, the bank said Friday, including a $7.7 million cash bonus and almost $15 million in stock. That is up from $20.7 million the year before, most of which he spent as CEO-in-waiting, and makes him Goldman’s best-paid chief since Lloyd Blankfein took home $41 million in 2008,” the newspaper reported.

His top lieutenants also received pay bumps. John Waldron, the banks’ president and chief…

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