Lloyd Blankfein's Bonus 2011, Less Than 2010 Award

Feb 3 (Reuters) - Goldman Sachs Group Inc awarded Chairman and Chief Executive Lloyd Blankfein a $7 million restricted stock bonus as part of his 2011 compensation package, according to a regulatory filing on Friday.

The payout is less than the $12.6 million restricted stock award Blankfein received last year. Goldman's earnings declined 67 percent and its stock declined 46 percent during 2011.

Blankfein also received a base salary of $2 million during the year, bringing his total pay to at least $9 million.

Four other top executives including Chief Operating Officer Gary Cohn, Chief Financial Officer David Viniar and Vice Chairmen Michael Evans and John Weinberg received the same restricted stock bonus as Blankfein, according to Form 4 filings with the U.S. Securities and Exchange Commission.

Altogether, Goldman awarded seven senior executives and nine board members $40.5 million for their work in 2011.

The bonuses came in the form of 356,685 restricted stock units on Wednesday, when the closing price was $113.45. Since then, Goldman shares have risen 3.6 percent to close at $117.53 on Friday.

The restricted stock units will convert into common Goldman shares in three equal installments through 2015, but cannot be sold for five years.

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Comments

[Sister777]

08:12 AM on 02/06/2012

It is shocking that these mo fo's are getting anything but jail time for knowingly bringing the world to its financial knees.

[debqd]

06:38 AM on 02/06/2012

The only bonus the lying Mr. Blankfein deserves is a long prison sentence.

[GloriaY]

11:43 PM on 02/05/2012

That this man received any bonus other than jail is a mystery. With less bonus we may just have to pass the hat around for him to help him pay his bills.

[Kai-HK]

10:21 PM on 02/05/2012

Excellent...good to see that Goldman practices merit-based pay practices and that it is fair.

[r3000]

10:19 PM on 02/05/2012

Estimates have the finance sector now comprising about 40% of total transactions by dollar amount in the US. You still think less regulation is better. This thing is eating the economy. Basically needs a wooden stake in it.

[r3000]

10:23 PM on 02/05/2012

In other words.. they are supposed to exist to provide liquidity. You think 40% of the economy is enough to keep the rest of the economy liquid?

[BigDaddyWow]

10:06 PM on 02/05/2012

Beats prison.

[BklynDame]

09:23 PM on 02/05/2012

Boo hoo. It's STILL too much, not because it's a staggering figure but because of Goldman's role in working with the other banks to tank the economy.

http://borderlessnewsandviews.com/

[Krissy iggs]

08:08 PM on 02/05/2012

aww... It must be tough only having a $7 million dollar bonus... Poor guy.

[knewsreply]

07:19 PM on 02/05/2012

If Blankfein thinks this lower bonus balances the economic damage Goldman Sachs contributed to, he's wrong. He should pay back the bonuses he received the past few years.

[The Promised Land]

07:11 PM on 02/05/2012

Look at that face...it wouldn't take very much at all to morph into Valdemort, would it??

[Tmus82]

02:38 PM on 02/05/2012

I think all of these CEO's deserve there bonuses. I mean if your going to sell your soul you should get as much as you can for it.

[bromeando]

02:20 PM on 02/05/2012

Oh...poor me.

[Sarah Trickey]

02:07 PM on 02/05/2012

Nice. Now he gets to fire some underlings to make up for the loss.... decisions, decisions - hard work never ends... (eye roll)

[big tom]

02:04 PM on 02/05/2012

hye should get 20- life...... not a bonus.

[blondd780]

01:42 PM on 02/05/2012

Boo hoo hoo. I feel so sorry for his loss of bonus money. I say we take up a collection to make up the difference from 2010 to 2011, who will match my penny?