Goldman Shareholder Lagged CDs as Blankfein Earned $125 Million
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Goldman Sachs Group Inc. is one of the best-performing financial shares in the past decade and it beat the S&P 500 Stock Index, helping to explain Lloyd C. Blankfein’s $125 million in cash bonuses during the period.
Some investments did even better. One-year certificates of deposit earned an average rate of 3.17 percent in the last 10 years, beating the 2.78 percent annual total return on Goldman Sachs. Buying a 10-year Treasury note in mid-September 2000 would have yielded 5.8 percent annually.