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Goldman Sachs to pay $500 million in bonuses to 20 executives before year-end.
Goldman Sachs has announced an early bonus distribution totaling $500 million to 20 of its top executives, including CEO David Solomon, who is set to receive over $100 million. This decision, made ahead of the year-end, is part of an incentive plan approved in 2021, reflecting the firm's strong performance over the past five years. The bonuses will be paid in stock, with the final amount depending on the bank's stock performance relative to competitors by the end of October.
Key points
- Goldman Sachs announces $500 million in early bonuses to 20 executives.
- CEO David Solomon to receive over $100 million as part of the bonus distribution.
- Bonuses are part of a 2021 incentive plan, with final amounts tied to stock performance by October's end.
Sources
AI-generated from public news sources. Not financial advice.
