Goldman Sachs CEO gets 19% raise, bumping his pay to $27.5 million (GS)

• Goldman Sachs CEO David Solomon received a 19% raise for his work in 2019, according to a company filing on Friday.
• The raise bumps his pay to $27.5 million from $23 million the year prior. 
• Visit Business Insider's homepage for more stories.

Goldman Sachs CEO David Solomon received a 19% raise for his work in 2019, a filing issued on Friday shows. 

The increase bumps his pay to $27.5 million for 2019, up from $23 million for his work in 2018. 

Solomon's 2019 compensation includes a $1.9 million base salary, a $7.7 billion cash bonus, and a $17.8 million stock bonus, according to the filing. 

Goldman Sachs said in the filing that Solomon "successfully executed on his priorities in his first full year as Chairman and CEO," and "demonstrated a strong commitment to improved transparency," among other "performance achievements." 

Solomon became CEO of Goldman Sachs in 2018, replacing Lloyd Blankfein.

A spokesperson for Goldman Sachs was not immediately available for comment.

SEE ALSO: Goldman Sachs and Bank of America just updated their WFH policies — again. Here's what they're telling employees about the latest steps aimed at combating the spread of coronavirus.

DON'T MISS: Goldman Sachs just announced its first partnership for transaction banking as it looks to build a new $1 billion business moving money around the world

Join the conversation about this story »