Goldman Sachs announced Friday that it boosted the pay package for its chief executive to $27.5million in 2019, a 20 per cent jump unveiled at a time when many companies are struggling for survival. Goldman disclosed the pay raise for Chief Executive David Solomon in a securities filing that also listed pay jumps for other top executives. Solomon's 2019 package broke down to $2million annual salary, $7.65million cash bonus and $17.85million in performance-linked stock units, CNBC reported. Friday's filing also revealed that Goldman Sachs' president and COO, John Waldron, would be receiving $22million, while the company's CFO, Stephen Scherr, would get $20million, the WSJ reported. Solomon (pictured March 11 at the White House) was named Goldman's CEO in October 2018.

Source: Daily Mail March 21, 2020 00:16 UTC