It does not seem to matter that the government and much of the public are outraged over Wall St pay. It also does not seem to matter that Goldman Sachs (NYSE: GS) ran afoul of the SEC or that the bank had only modest profits this year.
CEO Lloyd Blankfein and a number of his seconds-in-command received huge raises. Blankfein, Goldman’s CEO and chairman, received a raise. His base salary will be $2 million.
Blankfein was also granted 78,111 in restricted shares.
All together that adds to about $13 million, not much for Blankfein based on his past compensation, but a king’s ransom for almost anyone else.
Douglas A. McIntyre
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
