Goldman Sachs co-CEO Gets 9 Million Pound Bonus, Times Says

Goldman Sachs Group Inc., the fifth- largest U.S. bank by assets, gave its London co-Chief Executive Officer Michael Sherwood a 9-million pound ($14.3 million) stock bonus for 2010, the Sunday Times reported.

The investment bank’s award to Sherwood, 45, is likely to rank as one of the largest paydays in the U.K. this year, the newspaper reported, without saying where it got the information. Sherwood’s bonus is larger than that of Goldman Sach’s Chairman and CEO Lloyd Blankfein, who received a bonus of 7.9 million pounds, the newspaper said.

To contact the reporter on this story: Keith Jenkins in London at Kjenkins3@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net.

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.