The economy is in free fall.
Unemployment is heading toward 20%.
Nobody can go anywhere.
The country is terrified.
Sounds like a great time for the CEO of Goldman Sachs David Solomon to get a big, fat pay raise.
Obscenity defined.
So now he's making $27.5 million a year. Does that mean he won’t be getting a $1,200 check from the government?
Goldman Sachs CEO David Solomon got a 20% raise to $27.5 million for his work leading the bank in 2019.
His pay package includes a $2 million annual salary, $7.65 million in a cash bonus, and $17.85 million in performance-linked stock units, the New York-based company disclosed Friday in a filing.
The bank said that Solomon earned a raise from his 2018 compensation of $23 million because he “successfully executed on his priorities in his first full year” leading Goldman, including unveiling a strategic overhaul at the firm’s first investor day in January.