Goldman Said to Boost CEO’s Bonus 11% to $21 Million

[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

[elleng]

1. Even with the Libya and NYState suits,

they do this? Bad news, imo, if those suits are successful, but will take a while.

[tofuandbeer]

2. Why? :/

[Wilms]

3. .

[mdbl]

4. Another Lord of Wall Street for all us peasants to worship

I'll meet you all at Stock Market for church services!

[denem]

5. You may kiss my Ring

[Thav]

6. "Forgive me father, for I have sinned."

It has been 22 days since I last crashed an economy for my own profit....

[Dopers_Greed]

7. Layoff our almighty job creators everyone

Or they might lay you off.

[yurbud]

8. should they get bonuses while "quantitative easing," backdoor bailouts from Fed, continue?

[sarcasmo]

9. Business as usual, Greed is a disease.