NEW YORK (
CEO Lloyd Blankfein is getting a sweet raise, even though the bank reported a plunge in profit.
Blankfein will get a base pay of $2 million effective Jan 1, up from $600,000, according to a
The salary raise is in addition $12.6 million in stock Blankfein was awarded.
Blankfein wasn't the only executive to get a raise at Goldman Sachs. CFO David Viniar and COO Gary Cohn's base salaries were boosted to $1.85 million from $600,000.
Goldman reported 2010 earnings of $8.35 billion, down 37 percent from 2009.
--Written by Maria Woehr in New York.
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