Goldman Raises CEO Solomon's Pay, Adds $80 Million Retention Award

The transcript discusses the approval of significant incentive packages for Goldman Sachs executives, including CEO David Solomon and John Waldron, valued at $80 million with a five-year vesting period. It highlights the growing trend of large compensation packages on Wall Street. Additionally, Goldman Sachs is implementing a carried interest incentive program linked to specific funds at Goldman Sachs Asset Management, which were launched last year. This initiative ties executive performance pay to the success of these alternative investment strategies, reflecting Goldman's expansion into private assets.

What was the value of the incentive packages approved for CEO David Solomon and John Waldron?

What is the duration of the vesting period for the incentive packages mentioned?

What trend is becoming more common on Wall Street regarding executive compensation?

What type of incentive program is Goldman Sachs instituting that is tied to certain funds?

How does the performance pay of executives relate to the funds at Goldman Sachs?