Well it's not the $87 million mentioned earlier today in a Bloomberg article, but at $53.4 million it's enough to take John Mack's "Mine's Bigger" bonus crown away from him less than a week after he received his still-not-too-shabby $40 million package:
Goldman gave Blankfein $27.3 million in cash and $15.7 million in restricted stock. Blankfein, 52, also received options to buy Goldman stock that the firm valued at almost $10.5 million, according to a filing with the U.S. Securities and Exchange Commission today. Co-Presidents Gary Cohn, 46, and Jon Winkelried, 47, each received $25.7 million in stock and options.
``If you look at the price of Goldman Sachs stock over the last year or so, I think most of the shareholders would have no problem paying that bonus,'' said Eric Barden, chief investment officer of Austin, Texas-based Barden Capital Management, which holds Goldman shares. ``What Goldman Sachs has done over the last generation or so has really reshaped the entire financial-markets industry.''
Blankfein, who grew up in Brooklyn and joined Goldman as a metals salesman in 1982, received $38 million in total pay last year, almost as much as Paulson. His 2005 compensation included a $600,000 salary, $10.8 million in restricted stock, a cash bonus of $19 million and stock options valued at $7.2 million.
Goldman Pays Chief Blankfein $53.4 Million 2006 Bonus - Bloomberg
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