Lloyd Blankfein, chairman and CEO of Goldman Sachs, has been awarded around $100 million in pay and stock during the 2007 fiscal year, Reuters reports.
Goldman Sachs revealed that Blankfein was awarded $53.97 million in cash compensation during the year, while he also received $45.76 million through the vesting of stock.
It notes that this figure reflects the methodology used by a number of executive pay consultants and is not identical to the company’s calculation of Blankfein’s “approved 2007 compensation”.
This compensation includes his $67.9 million year end bonus and totals $68.5 million.
“According to the same methodology, compensation for other top Goldman executives included a respective $53.04 million and $52.91 million for co-chief operating officers Gary Cohn and Jon Winkelried,” the company admitted.
It added that chief financial officer David Viniar received $42.58 million, while chief administrative officer Edward Forst was paid $39.85 million.
Last month, Goldman Sachs appointed J. Michael Evans and Michael S. Sherwood as vice chairmen of the company with immediate effect.