Top bosses at Goldman Sachs to share bonus pot worth up to $500m
News Source
β’Thu, 08 Oct 2026 18:09:14 GMT
π° What Happened
Top bosses at Goldman Sachs could share a bonus pot worth up to $500 million this year. The money will be split between 20 bankers. Chief executive David Solomon is set to take about $100 million, mostly in bank stock.
That is more than double the record $47 million he was paid last year. The final sum will be confirmed later this month. Goldman says the payouts are meant to keep senior staff from leaving.
π The Backstory
The bonus plan was first drawn up by the bank in 2021. The final amount depends on how Goldman's share price has grown over five years. It also compares its stock with rivals like JP Morgan and Bank of America.
Goldman's president, John Waldron, is expected to be among those paid. He is widely seen as the next chief executive. The payout would be one of the biggest in the bank's history.
π― Why It Matters
Giant payouts show the huge gap between top bankers and ordinary workers. They also fuel debate about fairness in the financial industry.
Top bosses at Goldman Sachs could share a bonus pot worth up to $500 million this year. The money will be split between 20 bankers. Chief executive David Solomon is set to take about $100 million, mostly in bank stock.
That is more than double the record $47 million he was paid last year. The final sum will be confirmed later this month. Goldman says the payouts are meant to keep senior staff from leaving.
The bonus plan was first drawn up by the bank in 2021. The final amount depends on how Goldman's share price has grown over five years. It also compares its stock with rivals like JP Morgan and Bank of America.
Goldman's president, John Waldron, is expected to be among those paid. He is widely seen as the next chief executive. The payout would be one of the biggest in the bank's history.
Giant payouts show the huge gap between top bankers and ordinary workers. They also fuel debate about fairness in the financial industry.