We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Goldman Sachs (GS) Reduces CEO's Salary by 27% for 2016
Read MoreHide Full Article
The Goldman Sachs Group Inc. (GS - Free Report) slashed its Chief Executive Officer (CEO), Lloyd Blankfein’s 2016 compensation by 27%, as disclosed in the company’s proxy filling on Friday.
Blankfein received $22 million for 2016. His package consisted of annual salary of $2 million along with $16 million in performance shares and a $4 million cash bonus. The CEO’s equity-based awards were linked to the company’s performance.
Goldman Sachs linked 80% of CEO’s salary to the company’s performance. Also, the stock awards have been linked to absolute and relative return on equity.
The company changed its salary structure as investors were having issues with the long-term incentives for employees. This was reflected in last year’s annual meeting, where an advisory vote on pay received minimum support.
Blankfein stands third in the list of CEOs to receive the highest compensation. The first two areJamie Dimon, CEO of JPMorgan Chase & Co. (JPM - Free Report) , who received $28 million and Morgan Stanley’s (MS - Free Report) James Gorman, who received $22.5 million.
Goldman benefits from its well diversified business and strong capital position reflected by its capital deployment activities. However, strict regulatory environment remains a near-term concern.
The company’s share price performance has increased 44.1% over the last six months compared with 36.2% for the Zacks categorized Financial- investment bank industry.
Another finance stocks worth considering is Comerica Incorporated (CMA - Free Report) carrying the same Zacks Rank as Goldman Sachs. Over the past 30 days, Comerica’s current-year earnings estimates have been revised 1.5% upward. Also, over the last one year, its share price surged 79.5%.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
The Goldman Sachs Group Inc. (GS - Free Report) slashedits Chief Executive Officer (CEO), Lloyd Blankfein’s2016 compensation by 27%, as disclosed in the company’s proxy filling on Friday.
Blankfein received $22 million for 2016.His package consisted of annual salary of $2 million along with $16 million in performance shares and a $4 million cash bonus. The CEO’s equity-based awards were linked to the company’s performance.
Goldman Sachs linked 80% of CEO’s salary to the company’s performance. Also, the stock awards have been linked to absolute and relative return on equity.
The company changed its salary structure as investors were having issues with the long-term incentives for employees. This was reflected in last year’s annual meeting, where an advisory vote on pay received minimum support.
Blankfein stands third in the list of CEOs to receive the highest compensation. The first two areJamie Dimon, CEO of JPMorgan Chase & Co. (JPM - Free Report) , who received $28 million and Morgan Stanley’s (MS - Free Report) James Gorman, who received $22.5 million.
Goldman benefits from its well diversified business and strong capital position reflected by its capital deployment activities. However, strict regulatory environment remains a near-term concern.
The company’s share price performance has increased (to be mentioned) over the last six months compared with (to be mentioned) for the Zacks categorized Financial- investment bank industry.
Goldman Sachs currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Another finance stocks worth considering is Comerica Incorporated (CMA - Free Report) carrying the same Zacks Rank as Goldman Sachs. Over the past 30 days, Comerica’s current-year earnings estimates have been revised 1.5% upward. Also, over the last one year, its share price surged 79.5%.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Goldman Sachs (GS) Reduces CEO's Salary by 27% for 2016
The Goldman Sachs Group Inc. (GS - Free Report) slashed its Chief Executive Officer (CEO), Lloyd Blankfein’s 2016 compensation by 27%, as disclosed in the company’s proxy filling on Friday.
Blankfein received $22 million for 2016. His package consisted of annual salary of $2 million along with $16 million in performance shares and a $4 million cash bonus. The CEO’s equity-based awards were linked to the company’s performance.
Goldman Sachs linked 80% of CEO’s salary to the company’s performance. Also, the stock awards have been linked to absolute and relative return on equity.
The company changed its salary structure as investors were having issues with the long-term incentives for employees. This was reflected in last year’s annual meeting, where an advisory vote on pay received minimum support.
Blankfein stands third in the list of CEOs to receive the highest compensation. The first two areJamie Dimon, CEO of JPMorgan Chase & Co. (JPM - Free Report) , who received $28 million and Morgan Stanley’s (MS - Free Report) James Gorman, who received $22.5 million.
Goldman benefits from its well diversified business and strong capital position reflected by its capital deployment activities. However, strict regulatory environment remains a near-term concern.
The company’s share price performance has increased 44.1% over the last six months compared with 36.2% for the Zacks categorized Financial- investment bank industry.
Goldman Sachs currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Another finance stocks worth considering is Comerica Incorporated (CMA - Free Report) carrying the same Zacks Rank as Goldman Sachs. Over the past 30 days, Comerica’s current-year earnings estimates have been revised 1.5% upward. Also, over the last one year, its share price surged 79.5%.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>