Although the bank's revenues decreased in 2023, the CEO's salary increased by 24 percent.
David Solomon, CEO of Goldman Sachs, earned $31 million last year.
He writes Bloomberg Friday.
The bank director's compensation increased by 24 percent from the previous year, and the salary paid is equivalent to more than 325 million Norwegian kroner at today's dollar exchange rate.
This is despite the fact that 2023 was the year of declining profits for the giant Wall Street bank.
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The year was also marked by internal disagreements over the strategy that the bank should follow in the coming years. This is what Bloomberg writes.
Suleiman's salaries are distributed as follows:
- Two million dollars in base salary
- $29 million in “variable compensation,” including $20.3 million in stock options or so-called “restricted stock units.”
Goldman Sachs shares rose 12% in 2023, after it made a major downsizing, in which 3,200 employees ended up losing their jobs.
By comparison, JPMorgan Chase CEO Jamie Dimon earned $36 million in 2023, while Morgan Stanley CEO James Gorman earned $37 million.
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