Wednesday, February 21, 2007

We do have royalty....

Goldman Co-Presidents Out-Earned Many Wall St. Chiefs - Mergers, Acquisitions, Venture Capital, Hedge Funds -- DealBook - New York Times: "Goldman Sachs said in a regulatory filing Wednesday that it had paid Gary D. Cohn and Jon Winkelried, the firm’s co-presidents and co-chief operating officers, about $52.5 million each in bonuses for its 2006 fiscal year.

That figure includes $26.7 million in cash bonuses, $15.4 million in restricted stock and what the bank estimated was $10.3 million worth of stock options.

By way of comparison, John J. Mack, the chairman and chief executive of Goldman’s rival Morgan Stanley, took home a $40 million bonus last year. Merrill Lynch’s chief executive, Stanley O’Neal, got $47.3 million."

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