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.

Wall Street investment bank, whose stock price hit a record high this week, awards CEO Solomon a stock bonus set to vest in 2030.

Goldman Sachs boosted chief executive David Solomon’s pay by 26 per cent to $39mn and set up $80mn retention plans for him and president John Waldron in an effort to ensure the pair remain at the bank for the next several years.

Goldman Sachs (GS) is locking in CEO David Solomon for at least another five years with a sweet stock deal — along with a big, annual pay increase.

Goldman Sachs Group Inc. handed its top two executives retention awards valued at $80 million each and launched a program to give its leaders a slice of carried interest earned on private equity funds as it tries to compete on pay with top alternative-asset managers.

The retention awards are the second in just over three years given to Chief Executive David Solomon and President John Waldron, who is also the chief operating officer. They “reflect the Board’s desire to retain the current CEO and COO as a senior leadership team,” according to a filing Friday.

Goldman Sachs awards $80 million retention RSUs to CEO David Solomon and COO John Waldron, emphasizing leadership stability, long-term value, and strategic priorities.

Goldman Sachs is one of the biggest investment banker “book runners” for IPOs -- where banks are paid many millions of dollars for each listing they

By Saeed Azhar NEW YORK (Reuters) -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.