This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Bonus Watch 2011

Top employees at Goldman Sachs (GS - Get Report) received a massive pay raise despite widespread criticism over the bank's practices and a drop in overall profits, the The Guardian reported on Jan. 30.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

The UK paper said despite a 38% drop in profits at Goldman Sachs, head of British and European operations Michael Sherwood is receiving a stock award worth $14.4 million, up 60% from last year.

The Guardian said Goldman Sachs did not say if Sherwood received a cash bonus.

The report said Goldman CEO Lloyd Blankfein could be getting a pay raise that's even more shocking.

The Guardian reported that Blankfein's base pay in 2011 is expected to increase by 233% to $2 million, from $600,000.

Last year, the Blankfein received a stock award of almost $13 million, an increase from $9 million the year before, according to the report.

6 of 15

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
HBC $0.00 0.00%
BLK $371.73 -0.34%
CCL $45.82 -1.20%
C $52.81 -0.17%
GS $196.55 -0.73%


DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs