Goldman Sachs Gives Blankfein $9M Bonus

CEO receives units of stock that can't be sold for 5 years
By Marie Morris,  Newser Staff
Posted Feb 5, 2010 6:10 PM CST
Goldman Sachs Gives Blankfein $9M Bonus
Goldman Sachs CEO Lloyd Blankfein leaves the White House after a meeting, March 27, 2009.   (AP Photo/Evan Vucci)

Lloyd Blankfein's bonus for 2009 is $9 million, Goldman Sachs said today—a nice bump from last year's zero, but a far cry from the $67.9 million the CEO scored in 2007 and from the $100 million he was reportedly expecting. " The firm produced very good results for 2009, but the environment is very difficult and the board was mindful of that difficult environment in making decisions about executive compensation, " a Goldman rep tells Reuters.

" He is going to have a lot of people two levels below him who are making more than he does, " one analyst said of Blankfein, whose bonus came in the form of deferred stock. Also making more: JPMorgan Chase CEO Jamie Dimon, who received a $17 million bonus today, and James Gorman of Morgan Stanley, who scored a mere $11 million, the New York Times reports.
(More Lloyd Blankfein stories.)

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