The value of Blankfein’s stock awards more than doubled from $5.3 million to $11.3 million. Goldman’s stock rose 39 percent in 2013 as the bank’s profits climbed. The executive’s cash bonus also rose, climbing 11 percent to $6.3 million.
Blankfein has been chairman and CEO since 2006, and has spent more than 30 years at Goldman. His base salary remained unchanged at $2 million from a year earlier. The bank’s earnings rose about 9 percent last year as its investment banking revenues improved.
The AP’s executive compensation calculation counts salary, bonuses, perks and stock and options awarded to the executive during the year.
MORE HBJ HEADLINES
European markets soothed by Chinese assurances UAW president says he hasn’t picked an automaker to target Budding business owners can learn much at Startup Weekend No union mines left in Kentucky, where labor wars once raged Safer female truckers outperform male drivers Windows 10 devices begin to roll out
Our new comment system is not supported in IE 7. Please upgrade your browser here.