As Corporations Plead For Taxpayer Bailouts, Goldman Sachs Gives CEO 20% Pay Bounce

Goldman Sachs gave CEO David Solomon a 20% raise to a head-spinning  $27.5 million in assets and cash for his work last year, the company revealed.

The news comes as the Trump administration weighs massive industry bailouts amid the coronavirus crisis — and triggers memories of the Wall Street bailout, which included $10 billion for Goldman Sachs.

Solomon’s compensation for 2019 includes $2 million in salary, more than $15 million in stock and a $7.7 million cash bonus, the company reported Friday. Continue reading.