Goldman CEO may break bonus record

Lloyd Blankfein is set for a 30% pay hike that will bring his payout to about $70 million this year, according to a report.

Subscribe to Companies
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)

blankfein_gs.03.jpg
Goldman Sachs CEO Lloyd Blankfein

LONDON (CNNMoney.com) -- Goldman Sachs CEO Lloyd Blankfein could take home as much as $70 million this year, according to a published report.

The Financial Times, citing company insiders, said Blankfein is in line for a 30 percent pay hike. Last year, Blankfein was awarded a $54 million payout, a record for a Wall Street CEO.

Bankers at Goldman (Charts, Fortune 500), which has weathered the credit crisis better than its Wall Street rivals, are also set to benefit this year, the newspaper said.

The bank's compensation pot - or the money used to pay employee salaries and bonuses - is estimated at $20 billion, the report said. Based on Goldman's 29,000 full-time staff members, that would come to about $360,000 per person, the FT said. To top of page

Photo Galleries
This is how far robots have come since the 1930s Are robots catching up to humans? Yes. Should we be scared? Find out! More
The median home price is $236,000. Here's what that buys you The median home price climbed to $236,400 in June, according to the National Association of Realtors. Here's what that will buy you across the United States. More
Sponsors