Goldman Boosts CEO Solomon’s Pay 24% After Firm’s Profit Slumps 24%
- Solomon scores $31 million for ’23 in difficult year for bank
- His jump exceeds those awarded to every other big US bank CEO
This article is for subscribers only.
Goldman Sachs Group Inc. boosted David Solomon’s compensation 24% to $31 million for a year when earnings slumped at the Wall Street giant.
The board lifted the chief executive officer’s pay after profit tumbled 24% and the firm spent much of the year dousing internal rifts and pitching investors on a simplified strategy. After giving up on its retail-banking ambitions, New York-based Goldman has returned its focus to business lines embraced by Solomon’s predecessors.