In the Margins

Blankfein pay drops to $22m

March 17, 2017

By Hillary Jackson

Goldman Sachs Group CEO Lloyd Blankfein saw his overall compensation fall slightly, reflecting lower revenues at the bank in the first half of 2016. Blankfein's overall pay declined 4% to $22 million, according to a regulatory filing. Goldman changed Blankfein's compensation structure by tying all of his equity awards to performance. It also eliminated a long-term incentive award. Read the original story from Reuters.