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Goldman Sachs chief executive and financial terrorist Lloyd Blankfein, pockets $7m bonus for outstanding crimes
Goldman Sachs handed its chief executive, Lloyd Blankfein, a bonus of $7m (£4,4m) in shares for his work last year, down from $12.6m in 2010 in line with the investment bank’s slipping profits.
The figure, revealed last night, does not yet complete the picture of Mr Blankfein’s pay. Shareholders know that he also has an annual salary of $2m but Goldman is yet to publicise details of any cash bonus he may have been given on top. His total compensation for 2010 was $18.6m.
In common with the rest of Wall Street, Goldman’s fortunes have ebbed over the past 12 months, as the lessons of the credit crisis crimped trading activity and new regulations to tame the finance industry kicked in.
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