Damn It Feels Good to Be a Banker

Goldman Sachs breaks down Blankfein’s pay:
TALLY SHEET
Components of 2006 Compensation, Benefits and Perquisites
Lloyd C. Blankfein
Cash Compensation
Base Salary $600,000
Cash Bonus (Includes $24,000 Qualified Money Purchase Pension Plan Contribution) $27,267,500
Equity-Based Compensation
Restricted Stock Units (RSUs) $ 15,679,500
RSUs — 77,776
Vested — 31,110
Unvested — 46,666
Stock Options $ 10,453,000
Shares Underlying Options — 209,228
Vested — 83,691
Unvested — 125,537
Exercise Price — $199.84
Total Compensation $ 54,000,000
Retirement and Welfare Benefits
Life Insurance Premiums $12,211
Firm Qualified Profit Sharing Plan Contribution $5,000
Medical/Dental Benefit Premiums $40,571
Long-Term Disability Insurance Premium $1,094
Other Benefits and Perquisites
Financial Planning Services $63,518
Car and Driver $198,388
Total Benefits and Perquisites $320,782
Dividend Equivalents on All Prior Years’ Restricted Stock Units $402,582
Total $54,723,364
Do you think “Car and Driver” means the magazine? Me neither.

Posted by on February 21st, 2007 at 1:55 pm


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