TV News LIES

Friday, Mar 29th

Last update07:52:02 AM GMT

You are here News Economy Goldman Sachs chief Lloyd Blankfein gets $15m pay award

Goldman Sachs chief Lloyd Blankfein gets $15m pay award

E-mail Print PDF

Lloyd BlankfeinWall Street firm Goldman Sachs Group has tripled the base salary of chief executive Lloyd Blankfein to $2m (£1.3m), up from $600,000. And company filings show he was also awarded shares currently worth $12.6m, a 42% hike from the the stock bonus he received for 2009.

It comes even after the bank's profit fell 38% in 2010 to $8.35bn. Banks were pressed to reduce bonuses in 2009 after the 2008 global economic collapse, largely blamed on bankers.

The financial system had been rescued by more than a trillion dollars of support from the US government, and there was public outrage from Main Street at the sums of money Wall Street bankers were being paid in salaries and bonuses.

But now bonuses for top executives for 2010 appear to be creeping higher again.

More...


Most Recent Related Stories...


Wall Street braces for commercial real estate time bomb

Jerome Powell Remarks last week by Federal Reserve Chair Jerome Powell about a spate of coming bank failures...

US stock markets close at record highs as enthusiasm for AI drives gains

Stock Market closes at all time high US stock markets closed at record highs on Friday powered by investors’ continued enthusiasm for artificial...

US adds 275,000 jobs in February as labor market continues to grow

US adds 275,00 more jobs in February Employers added 275,000 jobs across the US last month, as the labor market continues to grow...

Macy's to close 150 stores in new turnaround effort, forecasts weak 2024 sales

Macy's to close 150Macy's on Tuesday forecast annual sales and profit below expectations and said it would shutter about...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!