Financial Times FT.com

Goldman hands out bumper pay-outs after stellar year

By Ben White in New York

Published: February 22 2007 02:00 | Last updated: February 22 2007 02:00

Goldman Sachs yesterday solidified its position as the best-paying publicly traded investment bank in Wall Street history, disclosing that it awarded co-presidents Gary Cohn and Jon Winkelried about $53m (£27m) each in cash and stock compensation last year.

The sum is a whisker shy of the $54m paid to Lloyd Blankfein, chief executive, highlighting Mr Blankfein's closeness to Mr Cohn and Mr Winkelried and his desire to reward his top lieutenants following Goldman's most profitable year. Mr Blankfein's pay was disclosed in December.

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