Goldman Sachs paid chief executive David Solomon $25mn for 2022, down almost 30 per cent compared to a year before, after the Wall Street bank reported a steep drop in profits, cut thousands of jobs and slashed employee bonuses.
In a regulatory filing on Friday, Goldman disclosed that Solomon received a base salary of $2mn, and $23mn in variable compensation.
Goldman said its compensation committee based its decision in part on “the firm’s 2022 performance, both on an absolute basis and relative to peer results, as well as in comparison to the record performance delivered in 2021”.
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