Goldman Sachs CEO David Solomon total compensation slipped 3% to below $24 million in 2020
Goldman Sachs Group Inc.
GS,
Chief Executive David Solomon got paid 2.9% less money in 2020 than the year before, but he still made nearly $24 million. According to the bank and broker’s proxy statement, Solomon’s total compensation in 2020 was $23.94 million, down from $24.66 million in 2019. Although his salary was unchanged at $2.00 million in 2020, Solomon’s bonus was $3 million less than 2019 at $4.65 million, while his stock awards rose by $2.3 million to $17.04 million, and all other compensation declined just over $29,000 to $254,190. All other compensation includes 401(K) matches, tax counseling services, medical and dental plan premiums, identity theft safeguards and in-office meals and security services. The dip in compensation comes as Goldman’s stock rose 14.7% in 2020 after climbing 37.6% in 2019. In comparison, the SPDR Financial Select Sector ETF
XLF,
slipped 4.2% in 2020 while the Dow Jones Industrial Average
DJIA,
gained 7.3%.
