NEW YORK (
chief in Asia, Michael Evans, sold $12 million of stock in the bank this week after his European counterpart Michael Sherwood sold more than $27 million of stock less than two weeks ago, a report says.
Evans sold 70,000 shares at prices ranging from $170.98 to $173.47 on Monday and Tuesday, according to
Securities and Exchange Commission
reports. Evans, Goldman's highest paid executive in 2008 with total compensation of $5.3 million, still holds 714,953 shares of Goldman stock worth $121 million.
Such large disposals by the two Goldman executives are likely to intensify public uproar about how bankers are paid amid the global financial crisis while taxpayers were forced to commit hundreds of billions of dollars to bail out the banking system, the
notes. Goldman alone has set aside $17 billion for employee compensation so far this year.
Shares of Goldman closed Wednesday at $168.92.