Good ol' bonus days are back for Goldman

[The Straight Story]

Good ol' bonus days are back for Goldman



After several lean years, the investment bank's top brass are getting a boost in their salaries and stock awards.

Goldman CEO Lloyd Blankfein bagged a $14.6 million compensation package. That includes 78,111 restricted shares, which would be valued at $12.6 million based on Goldman's closing price yesterday of $161.77.

The stock awards, which were also paid to other top executives, vest over a three-year period and can't be sold until 2016. Top brass are encouraged to hold onto at least 75 percent of their stock-based pay, according to insiders.

In addition, Blankfein got a 230 percent bump in his base salary to $2 million, up from the $600,000 in base pay he's received since 2007.

Blankfein's pay package represents a total increase in compensation of 52 percent compared to last year, when he pulled in roughly $9.6 million. The figures exclude the cost of private jets, cars and other perks.

Read more: http://www.nypost.com/p/news/business/good_ol_bonus_days_are_back_for_wuro2zmZK1XVAvpcvzcE0M#ixzz1CRGOi2rN

[SugarShack]

1. Complain all you want....the president continues to give them their power, over people.

[TBF]

2. Business continues as usual ... nt