GOLDMAN SACHS CEO SOLOMON GETS 24% PAY BUMP TO $31 MILLION

Goldman Sachs CEO David Solomon was awarded $31 million in compensation for 2023, up 24% from $25 million in 2022. Solomon's pay comprises a $2 million base salary, unchanged from the previous year, and a bonus of $8.7 million in cash and $20.3 million in performance-linked stock.

The pay bump comes after the bank's profit fell 24% to $8.52 billion in 2023. Jamie Dimon, CEO of JPMorgan Chase, saw his compensation climb by 4.3% in 2023. Meanwhile, James Gorman, former CEO of Morgan Stanley, earned 17% more during the same period.

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