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Goldman Sachs top City banker Michael Sherwood receives $15.8m share bonus

Posted By admin On January 20, 2013 @ 6:25 am In Money Watch | Comments Disabled

Katherine Rushton
London Telegraph [1]
Jan 20, 2013

Mr Sherwood, who is also co-chief executive of Goldman Sachs International, and already thought to be Britain’s best-paid banker, saw his bonus double to 109,461 shares, worth $15.8m.

The award was even higher than that handed to Goldman Sachs chief executive Lloyd Blankfein, whose share bonus climbed 90pc to $13.6m.

The investment bank paid more than $100m to its top 12 executives in bonuses.

The share awards were revealed in filings lodged with America’s Securities and Exchange Commission last night.

The full scale of the rewards that Goldman Sachs will hand to its top bankers will not be known until later in the year, when it publishes their base salaries and cash bonuses.

Full article here [1]

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URLs in this post:

[1] London Telegraph: http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9813038/Goldman-Sachs-top-City-banker-Michael-Sherwood-receives-15.8m-share-bonus.html

[2] Goldman Sachs ready to hand out £7bn salary and bonus package… after its £6bn bail-out: http://www.prisonplanet.com/goldman-sachs-ready-to-hand-out-7bn-salary-and-bonus-package-after-its-6bn-bail-out.html

[3] City trader linked to Goldman Sachs case as regulators track sub-prime deals: http://www.prisonplanet.com/city-trader-linked-to-goldman-sachs-case-as-regulators-track-sub-prime-deals.html

[4] Goldman to make record bonus payout: http://www.prisonplanet.com/goldman-to-make-record-bonus-payout.html

[5] Goldman Sachs executives sell $700 million in stock: report: http://www.prisonplanet.com/goldman-sachs-executives-sell-700-million-in-stock-report.html

[6] Goldman Sachs’ $550m fine no ‘heavy price’ if markets are anything to go by: http://www.prisonplanet.com/goldman-sachs-550m-fine-no-heavy-price-if-markets-are-anything-to-go-by.html

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