Saturday, January 29, 2011

Blankfein Gets $12.6 Million 2010 Stock Bonus

Lloyd C. Blankfein, chairman and  CEO

Goldman Sachs Group Inc. gave Chairman and Chief Executive Officer Lloyd Blankfein a $12.6 million stock bonus for 2010, an increase from $9 million in restricted stock a year earlier.
Blankfein, 56, received 78,111 shares on Jan. 26, according to a filing yesterday with the U.S. Securities and Exchange Commission. At the closing price of $161.31 that day, the shares would be valued at $12.6 million. New York-based Goldman Sachs also raised Blankfein’s base salary to $2 million this year from $600,000, according to a separate filing.

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