Goldman Sachs CEO gets $100 compensation

10 March 2008

Lloyd Blankfein, chairman and chief executive officer (CEO) of Goldman Sachs, has been awarded around $100 million in pay and stock during the 2007 fiscal year, it has emerged.

The company announced that Mr Blankfein was awarded $53.97 million in cash compensation during the year, while he also received $45.76 million through the vesting of stock, Reuters reports.

It notes that this figure reflects the methodology used by a number of executive pay consultants and is not identical to the company's calculation of Mr Blankfein's "approved 2007 compensation".

This compensation includes his $67.9 million year end bonus and totals $68.5 million.

"According to the same methodology, compensation for other top Goldman executives included a respective $53.04 million and $52.91 million for co-chief operating officers Gary Cohn and Jon Winkelried," the company said."

It added that chief financial officer David Viniar received $42.58 million, while chief administrative officer Edward Forst was paid $39.85 million.

Last month, Goldman Sachs announced the appointment of J Michael Evans and Michael S Sherwood as vice chairmen of the company with immediate effect.

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