Goldman Sachs Group Inc CEO Lloyd Blankfein and other top executives, pressured by public outrage to slash their bonuses, still received tens of millions of dollars in distributions from an internal investment fund in 2009. Blankfein received $18.7 million in distributions from investment funds open to executives and employees of the firm, according to a regulatory filing on Friday.
Goldman Chief Operating Officer Gary Cohn received $15.1 million, Chief Financial Officer David Viniar $11.5 million, and former President and Chief Operating Officer Jon Winkelried $9.8 million, the filing said. The distributions came to $55.1 million, more than double the $24.2 million total in 2008 when $9.6 million went to Blankfein, $6.3 million to Cohn, $5.1 million to Viniar and $3.2 million to Winkelried. The executives did not receive bonuses in 2008.
A Goldman spokesman declined to comment, but noted that the distributions were not compensation from the firm. The dominant Wall Street firm said in a regulatory filing last month that it would pay Blankfein and other top executives all-stock bonuses valued at $8.9 million for 2009, when Goldman posted a record annual profit.
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