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Goldman Sachs CEO gets $100 mln in pay, stock

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RogerT

posted on Mar, 7 2008 @ 12:53 PM
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Goldman Sachs CEO gets $100 mln in pay, stock


biz.yahoo.com

NEW YORK (Reuters) - Goldman Sachs Group Inc (NYSE:GS - News) said on Friday its Chairman and Chief Executive Lloyd Blankfein was awarded about $53.97 million of compensation in its 2007 fiscal year, when the Wall Street bank largely skirted subprime mortgage losses that plagued many rivals.
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Blankfein also realized $45.76 million from the vesting of stock, bringing his compensation and other awards to about $100 million, according to Goldman's proxy filing with the U.S. Securities and Exchange Commission.
(visit the link for the full news article)


RogerT

posted on Mar, 7 2008 @ 12:53 PM
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Nice work if you can get it


But seriously, is it ever justified for any bank CEO to receive the GDP of a small country as annual personal income? Really, what's the point? Or am I just exhibiting sour grapes?

biz.yahoo.com
(visit the link for the full news article)



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