Goldman Sachs (NYSE:GS) chief executive David Solomon was awarded an $80 million stock award to stay at the bank for another five years, it disclosed in a regulatory filing on Friday. John Waldron, Goldman's (GS),

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

Goldman Sachs gave Chief Executive David Solomon an $80 million bonus to stay for five more years, ending any lingering questions about his grasp on the Wall Street giant. Solomon had a bruising couple of years at Goldman that cast his longevity as CEO into doubt among many partners after taking over in 2018.

Goldman Sachs Group Inc. otorgó a sus dos principales ejecutivos bonos de retención valorados en US$80 millones cada uno y lanzó un programa para dar a sus directivos una parte de los intereses devengados de los fondos de capital riesgo,

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.

The bank handed David Solomon a bumper pay rise amid tough competition for 'the best talent' including from asset managers and private equity firms.