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

Goldman CEO Pay Falls 35% as Earnings Drop by 47%

NEW YORK ( TheStreet) -- Goldman Sachs (GS - Get Report) Chairman and CEO Lloyd Blankfein saw his compensation fall by 35% in 2011 even as the company's earnings dropped by 47%.

Blankfein's pay fell by $6.6 million to $12 million as his bonus and share-based awards decreased by 44.4% each. His salary, however, more than tripled to $2 million.
Goldman Sachs Chairman and CEO Lloyd Blankfein earned $12 million in 2011.

Other senior officers at Goldman, including President and COO Gary Cohn, CFO David Viniar, and vice chairmen Michael Evans and John Weinberg, saw nearly identical changes to their compensation. Each was paid $11.85 million in 2011-- slightly less than Blankfein -- after having received $18.6 million in 2010. Also like Blankfein, they saw their cash bonuses and restricted stock units fall by 44.4% while salary more than tripled.

Goldman earned $4.44 billion in 2011 on revenues of $28.81 billion, compared to earnings of $8.35 billion on revenues of $39.16 billion for 2010. Its shares lost 46% during the year.

A Goldman spokesman had no immediate response to a request for comment.

-- Written by Dan Freed in New York.

Follow this writer on Twitter.
Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
GS $164.50 -1.40%
AAPL $95.03 -2.90%
FB $116.73 7.20%
GOOG $691.02 -2.10%
TSLA $247.54 -1.60%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs