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Lloyd Blankfein Was Paid $19.9 Million Last Year

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BLANKFEIN BEST PAID BANK CEO
Lloyd Blankfein, chairman and chief executive officer of Goldman Sachs Group Inc., smiles during an interview at the Investment Company Institute (ICI) general membership meeting in Washington, D.C., U.S., on Thursday, May 2, 2013. Blankfein warned that the interest-rate environment has parallels to 1994, when a sudden and sharp increase in rates caught many investors off-guard. Photographer: Andrew Harrer/Bloomberg via Getty Images | Getty Images

NEW YORK (AP) -- Goldman Sachs Chairman and CEO Lloyd Blankfein's total compensation rose by almost 50 percent to $19.9 million last year, boosted by the value of his stock awards.

The value of Blankfein's stock awards more than doubled from $5.3 million to $11.3 million. Goldman's stock rose 39 percent in 2013 as the bank's profits climbed. The executive's cash bonus also rose, climbing 11 percent to $6.3 million.

Blankfein has been chairman and CEO since 2006, and has spent more than 30 years at Goldman. His base salary remained unchanged at $2 million from a year earlier. The bank's earnings rose about 9 percent last year as its investment banking revenues improved.

The AP's executive compensation calculation counts salary, bonuses, perks and stock and options awarded to the executive during the year.