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Lloyd Blankfein Just Got A Solid Raise

Steven PerlbergJan 31, 2014, 19:24 IST

REUTERS/ Pascal Lauener

Goldman Sachs CEO Lloyd Blankfein will earn $23 million for 2013, the Financial Times' Camilla Hall and Stephen Foley report.

That's a 10% increase. From the FT:

Mr Blankfein was awarded 88,422 in restricted share units, according to a filing with the Securities and Exchange Commission, that are worth $14.7m based on Goldman's closing share price of $165.84 on Thursday.

The restricted stock units, which typically total about 70 per cent of his bonus, mean he is expected to be paid another $6.3m in cash. That is in addition to his $2m salary, taking his overall package to $23m.

Blankfein rival and JP Morgan CEO Jamie Dimon also got a raise (amid the bank's legal troubles) after taking a massive $11.5 million pay cut in 2012.

Read the full report at the FT »