The Wall Street veteran will also earn an $80 million retention bonus if he remains with the bank for another five years.

The ways AI is changing the work of bankers and analysts just got clearer at the Wall Street bank.

Goldman Sachs is one of the biggest investment banker “book runners” for IPOs -- where banks are paid many millions of dollars for each listing they

Goldman's president and chief operating officer was also awarded a retention bonus of $80 million in restricted stock, the bank said on Friday.

Inflation worries remain despite strong earnings as JPMorgan Chase’s Jamie Dimon and David Solomon of Goldman Sachs weigh risks.

Goldman Sachs raises CEO David Solomon’s pay and awards $80M retention bonuses to ensure leadership stability and long-term growth.

At an event hosted by Cisco on Wednesday, Goldman Sachs CEO David Solomon indicated that the multi-year IPO drought should be coming to an end.

Goldman Sachs posted its best profit since the third quarter of 2021, driven by bankers who brought in more fees from dealmaking, debt sales and strength in trading, sending its shares up 3% before the bell.

Goldman Sachs CEO David Solomon got a 26% pay raise last year, taking his compensation to $39 million. That's according to a company filing that also showed he was granted an $80 million stock retention bonus,

Expectations for a pro-business climate under the incoming Trump administration has lifted the spirits of major bank executives.

Goldman Sachs CEO David Solomon was awarded an $80 million stock bonus to stay at the helm for another five years, a stark turnaround for a leader whose survival was questioned after the firm’s ill-fated foray into consumer banking.