Goldman Sachs cut CEO David Solomon's pay by 30% in 2022. He made only $25 million.
Goldman Sachs cut CEO David Solomon's pay by about 30% in 2022 to $25 million, compared to $35 million in 2021.
Solomon's annual base salary is $2 million, which remains unchanged year-over-year, and he made $23 million in annual variable compensation last year, according to aSeventy percent of his annual variable compensation, or $16.1 million, was in performance-based restricted stock units, or"PSUs," which are tied to his performance metrics. The rest of his annual variable compensation is paid in cash.
The bank's Compensation Committee determined Solomon's salary for 2022 from Goldman's Performance Assessment Framework, which is made up of financial performance metrics and other non-financial components like risk management and people strategy, the filing said.
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