https://www.oann.com/goldman-sachs-raised-coo-pay-by-78-in-2021/?utm_source=rss&utm_medium=rss&utm_campaign=goldman-sachs-raised-coo-pay-by-78-in-2021

FILE PHOTO: John Waldron, co-head of the Investment Banking Division, Goldman Sachs, speaks at the Milken Institute 21st Global Conference in Beverly Hills, California, U.S., May 1, 2018. REUTERS/Mike Blake

March 18, 2022

(Reuters) – Goldman Sachs Group Inc President and Chief Operating Officer John Waldron’s total compensation for 2021 was $33 million, up nearly 78% from a year earlier, the Wall Street bank disclosed in a regulatory filing on Friday.

The compensation consisted of $1.85 million in base salary, $12.46 million in annual variable cash compensation and $18.69 million in equity-based pay, the bank said.

Waldron had earned $18.5 million for 2020 after his compensation was slashed by $7 million for the bank’s role in the 1MDB scandal. Top executives at the bank took a pay cut to settle legal costs related to the corruption scandal.

In January, the bank disclosed Chief Executive Officer David Solomon was awarded a total compensation of $35 million for 2021.

(Reporting by Niket Nishant in Bengaluru; Editing by Maju Samuel)

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