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
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