NEW YORK (Reuters) -Goldman Sachs CEO David Solomon was awarded an $80 million stock bonus to stay at the helm for another five years, a stark turnaround for a leader whose survival was questioned after the firm’s ill-fated foray into consumer banking.
John Waldron, Goldman’s president and chief operating officer, and who is widely seen as a successor to Solomon, was also awarded a retention bonus of $80 million in restricted stock, the bank said in a regulatory filing on Friday.
The bonuses, which vest in five years, are an effort by Goldman’s board to retain Solomon and Waldron as a senior leadership team, the company said in the filing.
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