Solomon's total compensation for 2019 was $24.7 million, up from
$20.7 million in 2018, according to Goldman's proxy statement.
The disclosure comes as companies face pressure to cut payouts
to investors to curb the fallout from the coronavirus outbreak.
Solomon's compensation compared to the median compensation of
all other Goldman employees represented a ratio of about 178:1,
according to the proxy statement.
Goldman's president, John Waldron, received total compensation
of $22.3 million in 2019, up from $16.8 million in 2018, the
Goldman for the 2019 full year reported net earnings of $8.47
billion, a decline of 19% from the prior year. The result
included provisions of $1.24 billion for litigation and
(Reporting by Elizabeth Dilts Marshall in New York and Kanishka
Singh in Bengaluru; Editing by Chris Reese and Leslie Adler)
[© 2020 Thomson Reuters. All rights
Copyright 2020 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.