Compensation Data For David M Solomon, Chairman And Ceo Of Goldman Sachs Group Inc
At a board meeting on February 21, 2018 Blankfein expressed an curiosity and preference for Solomon to succeed him. During March 2018, Solomon has repeatedly advocated for a reformation of Goldman’s company tradition. He expressed an interest in lowering the maximum hours worked during regular business days from somewhere near 90 hours a week, to someplace near 70 to seventy five hours every week, when not actively engaged in closing a deal. Prior to assuming the company’s presidency, he tracked the hours labored by his subordinates and regularly stepped in to ship staff residence. Solomon took workplace because the chief government officer of the firm on October 1, 2018.
The oldest government at Goldman Sachs Group, Inc. is Mark Winkelman, 74, who’s the Independent Director. You can see the whole historical past of Mr. Solomon inventory trades at the bottom of the page. In January 2018, Solomon discovered that a private assistant had stolen around 500 bottles from his uncommon wine assortment, amongst them, seven from the French estate Domaine de la Romanee-Conti. The private assistant, Nicolas DeMeyer, was arrested in late January and indicted for the theft of $1.2 million worth of wine. Solomon has carried out at many occasions together with the Electronic Music Awards in Los Angeles in 2017 and a 2020 Sports Illustrated Super Bowl Event in Miami along with Marshmello and Black Eyed Peas.
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Solomon’s compensation bundle in January 2017 and January 2018 was approximately $11.eighty five million. It was estimated that he holds 224,030 (zero.059%) shares of the Goldman Sachs Group which was price $fifty eight million in January 2018. This comprised of his base pay of $2 million salary, $7.sixty five million cash bonus, and $17.eighty five million in lengthy-term incentive. A proxy statement (or “proxy”) is a type that each publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission within a hundred and twenty days after the top of its fiscal 12 months. The proxy must be despatched to every shareholder upfront of the company’s annual shareholders meeting.
David Solomon Internet Value
While his mom labored as an audiology supervisor his father served as the chief vice chairman of a publishing company. GS, -2.23%Chief Executive David Solomon received paid 2.9% less money in 2020 than the year earlier than, but he nonetheless made practically $24 million. According to the financial institution and dealer’s proxy assertion, Solomon’s whole compensation in 2020 was $23.94 million, down from $24.66 million in 2019. All other compensation includes 401 matches, tax counseling providers, medical and dental plan premiums, identity theft safeguards and in-workplace meals and security providers. The dip in compensation comes as Goldman’s inventory rose 14.7% in 2020 after climbing 37.6% in 2019.
- covers all compensation-like awards that do not slot in any of these other normal categories.
- It was estimated that he holds 224,030 (0.059%) shares of the Goldman Sachs Group which was value $fifty eight million in January 2018.
- The info shown here is a reporting of information included within the firm’s proxy assertion.
In the case of , the SALE chart would present a sequence of downward sloping curves, indicating negative returns after each sale transaction. But whether it is operating an investment financial institution or spinning data, “if I decide I’m interested in something and I’m going to do it, I’m going to do it,” Solomon told Fortune. “I mean, I’m going to attempt to actually do it to the highest capacity of my capability, or I’m not going to do it.” His divorce was finalized in 2018, and through his second week as CEO at Goldman Sachs, his former assistant killed himself after being charged with stealing $1.2 million worth of wine from Solomon’s collection. Beyond firm tradition, Solomon’s first year as CEO has include challenges. Now as the head of Goldman, Solomon needs to make sure he’s more admired and revered than envied and feared.
In comparability, the SPDR Financial Select Sector ETF XLF, -1.40%slipped four.2% in 2020 while the Dow Jones Industrial Average DJIA, -0.94%gained 7.three%. annual reviews of govt compensation and pay are mostly found in the Def 14a documents. Over the final 4 years, insiders at Goldman Sachs have traded over $66,274,892 value of Goldman Sachs stock. The most lively insiders merchants embody Ellen Jamison Kullman, M Michele Burns, and David A Viniar. On average, Goldman Sachs executives and independent administrators trade stock every 30 days with the average commerce being value of $10,934,476.