Goldman executives reportedly set for more than $500 million in special bonuses
GS•Goldman Sachs executives are set to receive special equity awards worth more than $500 million, with CEO David Solomon set to receive more than $100 million. About 20 executives are expected to receive the awards, which are due to be finalized later this month.
1. Awards for executives
About 20 executives are in line for the special equity awards, which are expected to be finalized later this month. Solomon is set to receive more than $100 million; President John Waldron and business heads Ashok Varadhan, Dan Dees and Marc Nachmann are also among the recipients.
2. Five-year performance period
The awards were granted in October 2021, and Goldman disclosed details in filings starting in late 2021 and early 2022, a source familiar with the matter told Reuters. The payout reflects a five-year period in which Goldman outperformed most rivals. Goldman is expected to report third-quarter earnings next week.
