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 is the total value of the incentive packages approved for CEO David Solomon and John Waldron?

• $60 million

• $80 million

• $70 million

• $50 million

What is the vesting period for the incentive packages approved for the executives?

• 5 years

• 6 years

• 4 years

• 3 years

What type of incentive program is Goldman Sachs instituting?

• Carried interest incentive program

• Stock option program

• Bonus program

• Profit-sharing program

To what are the carried interest incentives tied?

• Goldman Sachs' stock price

• Company-wide performance

• Specific funds at Goldman Sachs Asset Management

• Annual revenue targets

What is the focus of Goldman's recent expansion?

• Cryptocurrency

• Real estate

• Private assets

• Public equity