Goldman Sachs CEO David Solomon sees pay surge 21% – Business News
Goldman Sachs CEO David Solomon picked up an eye-popping $47 million compensation package deal in 2025, the Wall Street giant mentioned on Friday, because the bank enjoys a rebound in its investment banking exercise.
The 63-year-old’s pay packet is up 21% from $38 million in 2024. He was paid $31 million in 2023.
Solomon earned a base wage in 2025 of $2 million and $45 million in annual variable compensation, Goldman mentioned in a regulatory submitting.
It means he pips JPMorgan CEO Jamie Dimon, who picked up a compensation package deal value $43 million for 2025, a 10.3% increase from the earlier 12 months.
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Solomon and his right-hand man, Goldman president and chief working officer John Waldron, every agreed to $80 million stock-based retention bonuses final 12 months to keep them at 200 West St., Goldman’s foremost HQ, till January 2030.
Waldron, 55, is extensively tipped to take over from Solomon when he finally decides to call it a day because the bank’s chief government.
A Goldman spokesperson directed The Post to statements made by the bank’s compensation committee.
Executives mentioned they’d thought of a number of components, however burdened that Solomon had overseen a “strong performance in support of our clients across global banking & markets and asset & wealth management.”
The Wall Street veteran additionally noticed the price of Goldman shares increase by simply over 53% in 2025.
Solomon introduced financial outcomes final week for the fourth quarter of final 12 months that beat analysts’ expectations.
He mentioned that he was upbeat in regards to the prospects for M&A and IPOs this coming 12 months, pointing to a more favorable regulatory climate underneath the Trump administration.
“CEOs definitely believe that ‘The Art of the Deal’ – scaled consolidation – is possible now,” the 63-year-old mentioned on Jan. 15 in an obvious reference to President Trump’s ebook on business negotiations.
He joined the bank as a associate in 1999 after leaving Bear Stearns and rose via the ranks to finally succeed Lloyd Blankfein, who led Goldman via the 2008 financial disaster and its aftermath.
This is a breaking information story. Check back for more updates.
