Goldman Sachs Grants $80 Million Retention Bonuses to Top Executives

CEO David Solomon and COO John Waldron secure lucrative stock awards as the firm emphasizes leadership stability and succession planning.

David Solomon's 2024 compensation rose by 26% to $39 million, including a $2 million base salary, $8.33 million cash bonus, and stock-based incentives.
Both Solomon and COO John Waldron were awarded $80 million in restricted stock units, contingent on their continued service through 2030.
The retention bonuses are not tied to performance metrics but reflect the board's commitment to leadership continuity and long-term shareholder value.
Goldman Sachs reported strong financial performance in 2024, with a 48% stock price increase and $53.51 billion in annual revenue, driven by growth in investment banking and asset management.
The firm highlighted its competitive position in the asset management sector and introduced a carried-interest program to attract and retain top talent.