Goldman Sachs bosses to get €84m in bonus stock

GOLDMAN Sachs Group’s top executives will get about $111.3 million (€84.3m) in stock next month in a delayed payout from last year and their record-setting 2007 awards, even as Wall Street prepares for lower bonuses.

Chief executive Lloyd C Blankfein, 56, is to receive about $24.3m in January, based on the closing share price on December 14, while president Gary D Cohn, 50, will get $24m, company filings show.

The payouts, just a portion of the $67.9m bonus awarded to Blankfein for 2007 and the $66.9m paid to Cohn, reflect a 24% fall in the stock’s value since it was granted at $218.86.