"Goldman Sachs Raises CEO Blankfein's... Salary To $2 Mln"

[handmade34]

http://www.rttnews.com/Content/BreakingNews.aspx?Id=1539172

"Goldman Sachs Group Inc. (GS: News ) has raised Chief Executive Officer Lloyd Blankfein's annual base salary to $2 million from $600,000, according to a regulatory filing Friday.

The New York-based investment bank also raised the annual base salary for Chief Operating Officer Gary Cohn, Chief Financial Officer David Viniar, and two vice chairmen J. Michael Evans and John Weinberg to $1.85 million each, the filing showed. Each of them had an annual base salary of $600,000 previously.

The new salaries are effective January 1."

[Initech]

1. This crap makes my blood boil.

[handmade34]

2. yup....

think that will trickle down to you and me??

[Initech]

3. I doubt we'll even see a dime from it.

[TheMadMonk]

4. As a salary alone, that is not an obscene pay for a top level CEO.

The problem is the options and other bonuses they collect. And the manner in which those "extras" are used to avoid what should be legitimate taxes.

[Doctor_J]

5. When we get the Egyptian bug,

it's going to really suck to be this guy.