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.
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.
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.