Goldman Sachs CEO David Solomon gets a 20% raise to $27.5 million for his work in 2019

Finance

David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020.

Adam Galacia | CNBC

Goldman Sachs CEO David Solomon got a 20% raise to $27.5 million for his work leading the bank in 2019.

His pay package includes a $2 million annual salary, $7.65 million in a cash bonus, and $17.85 million in performance-linked stock units, the company disclosed Friday in a filing. 

Solomon, who was named CEO in October 2018, was paid $23 million for his work in 2018. The bank said at the time that some of his stock rewards were subject to clawback, depending on the results of an investigation into the bank’s 1MDB scandal.

This story is developing. Please check back for updates.

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