Goldman CEO’s 2022 profit drops to $25 million

The interest of David Solomon, the CEO of Goldman Sachs, one of the largest banks on Wall Street, decreased by 30 percent in 2022 to $ 25 million.

According to the information shared by New York-based Goldman Sachs, CEO David Solomon’s benefit in 2022 decreased by 30 percent to $ 25 million, with the bank’s share price and profitability falling.

Solomon’s main salary was $2 million, while other payments were $23 million. $16.1 million of their bonuses came from stock performance.

Solomon earned $35 million in benefits in 2021, making him one of the highest-paid bank CEOs in the United States.

The bank’s profits fell 48 percent in 2022 to $11.3 billion in 2022, driven by a decline in investment banking and wealth management revenues. Shares of the company also fell 10 percent last year.

This year, JPMorgan CEO Jamie Dimon’s benefit was unchanged at $34.5 million.