WASHINGTON -- Goldman Sachs' chairman and CEO Lloyd Blankfein was awarded a $9 million bonus for 2009, but in restricted stock that he must hold for five years under a new policy adopted to quiet a furor over the firm's soaring compensation, the company disclosed Friday. The 58,381 in shares, which will convert into Goldman's common stock in thirds over the next three years, is a fraction of the figures rumored in the media in recent weeks. One New York paper said Blankfein was to be paid $100 million.Goldman's other four highest officers -- President Gary Cohn, Finance Chief David Viniar, and vice chairmen John Weinberg and Michael Evans -- received identical awards, Goldman disclosed in filings with the Securities and Exchange Commission. Lucas van Praag, Goldman's chief spokesman, said that Blankfein received no other bonus compensation for his performance in the firm's record-setting year.
WASHINGTON -- Goldman Sachs' chairman and CEO Lloyd Blankfein was awarded a $9 million bonus for 2009, but in restricted stock that he must hold for five years under a new policy adopted to quiet a furor over the firm's soaring compensation, the company disclosed Friday.
The 58,381 in shares, which will convert into Goldman's common stock in thirds over the next three years, is a fraction of the figures rumored in the media in recent weeks. One New York paper said Blankfein was to be paid $100 million.
Goldman's other four highest officers -- President Gary Cohn, Finance Chief David Viniar, and vice chairmen John Weinberg and Michael Evans -- received identical awards, Goldman disclosed in filings with the Securities and Exchange Commission.
Lucas van Praag, Goldman's chief spokesman, said that Blankfein received no other bonus compensation for his performance in the firm's record-setting year.
GREENWICH, Conn. -- After one of the leanest years in memory, life in this upper-crust enclave is slowly returning to normal. The Greenwich version of normal, anyway. Caterers' cell phones are ringing again. Luxury car dealers are sending the Porsches out for test drives. An architect is booking multimillion-dollar jobs for his "masters of the universe" clients, titans of Wall Street who've made this leafy Connecticut suburb of New York one of the wealthiest towns in the country.When the financial industry tumbled, Greenwich's fortunes fell with it. Now, as the federal bailout has helped lift investment banks to surprisingly robust profits, the news that major financial firms will dole out billions of dollars in salaries and bonuses this year came as welcome relief here, even though the rest of the country is still grappling with 10 percent unemployment. Discreetly, Greenwich is starting to spend money again, and spending here -- where the median household earns $126,549, almost two-and-a-half times the national median, based on 2008 census estimates -- isn't quite like spending anywhere else.
GREENWICH, Conn. -- After one of the leanest years in memory, life in this upper-crust enclave is slowly returning to normal. The Greenwich version of normal, anyway.
Caterers' cell phones are ringing again. Luxury car dealers are sending the Porsches out for test drives. An architect is booking multimillion-dollar jobs for his "masters of the universe" clients, titans of Wall Street who've made this leafy Connecticut suburb of New York one of the wealthiest towns in the country.
When the financial industry tumbled, Greenwich's fortunes fell with it. Now, as the federal bailout has helped lift investment banks to surprisingly robust profits, the news that major financial firms will dole out billions of dollars in salaries and bonuses this year came as welcome relief here, even though the rest of the country is still grappling with 10 percent unemployment.
Discreetly, Greenwich is starting to spend money again, and spending here -- where the median household earns $126,549, almost two-and-a-half times the national median, based on 2008 census estimates -- isn't quite like spending anywhere else.
