A number that has been keenly anticipated: the 2009 compensation for Goldman Sachs chairman Lloyd C Blankfein.
Drum roll…
Some 58,381 restricted shares – worth just under $9m on Friday’s closing quote. Discretionary, of course, and while a third of these “restricted stock units” convert to regular Goldman shares in each of the next three years, the stock cannot be sold until January 2015.
Gary Cohn, president, gets the same award, as does CFO David Viniar and also joint vice chairmen Michael Evans and John Weinberg.
It’s almost like socialism. Considering.
Blankfein filing here.
Fuller set of Form 4 filings here.
Clearly, these unnamed “bankers” in Davos proved to be comically wide of the mark.
Earlier on Friday JP Morgan said CEO Jamie Dimon would get a compensation package of about $16m, made up of restricted shares and options. Dimon will not be taking a cash bonus for 2009.
Over at Goldman we already knew that there would be no cash bonuses paid out to the top 30 executives.
Related links:
Media-fuelled Goldman bonus neurosis – FTAlphaville