Goldman Sachs Group Inc.'s Lloyd Blankfein, whose $70.3 million paycheck made him Wall Street's most highly compensated chief executive officer last year, could still earn tens of millions annually under the bank-rescue plan run by his former boss, Treasury Secretary Henry Paulson. Executive-pay packages will be restricted for the nine banks receiving a $125 billion infusion of U.S. funds to restart lending, said Paulson, who earned $37.8 million in 2005, his last full year as Goldman's CEO. The investment is part of a $700 billion bailout plan approved by Congress this month. Blankfein, 54, was Wall Street's best-paid CEO in 2007, according to data compiled by Bloomberg. He ``could still make tens of millions of dollars if he continues to receive stock grants and Goldman's stock rises,'' said David Schmidt, a senior consultant for New York-based compensation firm James F. Reda & Associates.
Executive-pay packages will be restricted for the nine banks receiving a $125 billion infusion of U.S. funds to restart lending, said Paulson, who earned $37.8 million in 2005, his last full year as Goldman's CEO. The investment is part of a $700 billion bailout plan approved by Congress this month.
Blankfein, 54, was Wall Street's best-paid CEO in 2007, according to data compiled by Bloomberg. He ``could still make tens of millions of dollars if he continues to receive stock grants and Goldman's stock rises,'' said David Schmidt, a senior consultant for New York-based compensation firm James F. Reda & Associates.
Ka-ching on the tax payers dime.
Goldman-Sachs executive selling 5.9 acres on Nantucket for $55 million Co-chief operating officer and co-president of Goldman Sachs Group, Inc. Jon Winkelried is reportedly offering his 5.9 acres of Nantucket property on two lots on the Monomoy waterfront for the asking price of $55 million. A memo obtained by The Nantucket Independent, which was sent to all Nantucket Association of Real Estate Brokers members on Oct. 7 from Congdon & Coleman Real Estate broker Linda Bellevue, Winkelried's listing agent, with an aerial photo of the two lots, confirmed that the property is for sale. Sources close to The Nantucket Independent confirmed the asking price as $55 million and that the property is being offered for sale privately and not being listed with all NAREB members. Bellevue said she signed a confidentiality agreement with her client and would neither confirm the asking price nor the name of her client. She said her client was a very private person. Winkelried's property consists of 1.7 acres at 11 Cathcart Road currently assessed at $4,817,600, which, according the Town of Nantucket's Tax Assessor's office, Winkleried purchased for $1,950,000 on Sept. 10, 1999 and 4.18 acres at 15 Cathcart Road now valued at $20,592,800 that he bought for $5,000,000 on Jan. 4, 1999. Winkelried, Goldman Sachs' COO and co-president since 2006, earned $53.1 million in 2006 and is listed eighth out of the 25 highest paid men in the country by Fortune Magazine in its 2007 25 Highest Paid Men listing.
Co-chief operating officer and co-president of Goldman Sachs Group, Inc. Jon Winkelried is reportedly offering his 5.9 acres of Nantucket property on two lots on the Monomoy waterfront for the asking price of $55 million.
A memo obtained by The Nantucket Independent, which was sent to all Nantucket Association of Real Estate Brokers members on Oct. 7 from Congdon & Coleman Real Estate broker Linda Bellevue, Winkelried's listing agent, with an aerial photo of the two lots, confirmed that the property is for sale.
Sources close to The Nantucket Independent confirmed the asking price as $55 million and that the property is being offered for sale privately and not being listed with all NAREB members.
Bellevue said she signed a confidentiality agreement with her client and would neither confirm the asking price nor the name of her client. She said her client was a very private person.
Winkelried's property consists of 1.7 acres at 11 Cathcart Road currently assessed at $4,817,600, which, according the Town of Nantucket's Tax Assessor's office, Winkleried purchased for $1,950,000 on Sept. 10, 1999 and 4.18 acres at 15 Cathcart Road now valued at $20,592,800 that he bought for $5,000,000 on Jan. 4, 1999.
Winkelried, Goldman Sachs' COO and co-president since 2006, earned $53.1 million in 2006 and is listed eighth out of the 25 highest paid men in the country by Fortune Magazine in its 2007 25 Highest Paid Men listing.
