NEW YORK (
Chairman and CEO Lloyd Blankfein was awarded a bonus of $9 million worth of stock and no cash for 2009, according to a
Securities and Exchange Commission
filing late Friday.
The number was clearly intended to demonstrate a degree of restraint, as Goldman has been under fire for paying executives handsomely while U.S. unemployment is near 10%.
Goldman's earnings of $22.13 per share were just shy of the $24.73 it earned in 2007, when Blankfein was paid $67 million. In 2008, when Goldman earned $4.47 per share, Blankfein earned no bonus.
earned $17 million in stock, the bank disclosed Friday, after the bank earned $2.26 per share in 2009.
Written by Dan Freed in New York