Goldman Sachs Group Management

Management criteria checks 3/4

Goldman Sachs Group's CEO is David Solomon, appointed in Oct 2018, has a tenure of 5.5 years. total yearly compensation is $26.67M, comprised of 7.5% salary and 92.5% bonuses, including company stock and options. directly owns 0.041% of the company’s shares, worth CA$81.35M. The average tenure of the management team and the board of directors is 4.4 years and 9.7 years respectively.

Key information

David Solomon

Chief executive officer

US$26.7m

Total compensation

CEO salary percentage	7.5%
CEO tenure	5.5yrs
CEO ownership	0.04%
Management average tenure	4.4yrs
Board average tenure	9.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has David Solomon's remuneration changed compared to Goldman Sachs Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$9b
Dec 31 2023	US$27m	US$2m	US$8b
Sep 30 2023	n/a	n/a	US$7b
Jun 30 2023	n/a	n/a	US$8b
Mar 31 2023	n/a	n/a	US$10b
Dec 31 2022	US$32m	US$2m	US$11b
Sep 30 2022	n/a	n/a	US$13b
Jun 30 2022	n/a	n/a	US$16b
Mar 31 2022	n/a	n/a	US$18b
Dec 31 2021	US$40m	US$2m	US$21b
Sep 30 2021	n/a	n/a	US$22b
Jun 30 2021	n/a	n/a	US$20b
Mar 31 2021	n/a	n/a	US$14b
Dec 31 2020	US$24m	US$2m	US$9b
Sep 30 2020	n/a	n/a	US$6b
Jun 30 2020	n/a	n/a	US$5b
Mar 31 2020	n/a	n/a	US$7b
Dec 31 2019	US$25m	US$2m	US$8b
Sep 30 2019	n/a	n/a	US$8b
Jun 30 2019	n/a	n/a	US$9b
Mar 31 2019	n/a	n/a	US$9b
Dec 31 2018	US$21m	US$2m	US$10b
Sep 30 2018	n/a	n/a	US$5b
Jun 30 2018	n/a	n/a	US$5b
Mar 31 2018	n/a	n/a	US$4b
Dec 31 2017	US$16m	US$2m	US$4b

Compensation vs Market: David's total compensation ($USD26.67M) is above average for companies of similar size in the Canadian market ($USD8.25M).

Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.

CEO

David Solomon (61 yo)

5.5yrs

Tenure

US$26,670,817

Compensation

Mr. David Solomon has been the Chief Executive Officer and Director of Goldman Sachs Group Inc. since October 1, 2018 and has been its Chairman since January 01, 2019. Mr. Solomon served as the President a...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Solomon	Chairman & CEO	5.5yrs	US$26.67m	0.041% $ 81.4m
John Waldron	President & COO	5.5yrs	US$26.09m	0.028% $ 54.5m
Denis Coleman	Chief Financial Officer	2.3yrs	US$18.57m	0.0098% $ 19.3m
Kathryn Ruemmler	Chief Legal Officer	3.1yrs	US$13.32m	0.0019% $ 3.7m
Philip Berlinski	Global Treasurer	2.5yrs	US$14.26m	0.0074% $ 14.6m
J. Gardner	Director	no data	no data	no data
Sheara Fredman	Controller & Chief Accounting Officer	4.4yrs	no data	0.0033% $ 6.6m
F. De Mallmann	Chair of Investment Banking	6.9yrs	no data	no data
Atte Lahtiranta	Partner & Chief Technology Officer	4.6yrs	no data	no data
Marco Argenti	Partner & Chief Information Officer	4.6yrs	no data	no data
Carey Halio	Chief Strategy Officer & Global Head of Investor Relations	3yrs	no data	no data
Michael Richman	Chief Compliance Officer	4yrs	no data	no data

4.4yrs

Average Tenure

49.5yo

Average Age

Experienced Management: GS's management team is considered experienced (4.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David Solomon	Chairman & CEO	5.5yrs	US$26.67m	0.041% $ 81.4m
Sonjoy Chatterjee	Chairman & Co-CEO of Goldman Sachs (India) Securities Pvt Ltd	13.1yrs	no data	no data
Martha Burns	Independent Director	12.5yrs	US$511.46k	0% $ 0
Lakshmi Mittal	Independent Director	15.8yrs	US$449.82k	0.0044% $ 8.6m
David Viniar	Lead Independent Director	11.3yrs	US$494.79k	0.28% $ 546.6m
Thomas Montag	Independent Director	less than a year	US$55.00k	0.060% $ 118.6m
Adebayo Ogunlesi	Independent Lead Director	11.5yrs	US$474.47k	0.00058% $ 1.1m
Peter Oppenheimer	Independent Director	10.1yrs	US$565.68k	0.00058% $ 1.1m
Ellen Kullman	Independent Director	7.3yrs	US$525.16k	0% $ 0
Kimberley Harris	Independent Director	2.9yrs	US$488.54k	0% $ 0
Mark Flaherty	Independent Director	9.3yrs	US$469.79k	0.00030% $ 590.4k
Jan Tighe	Independent Director	5.3yrs	US$523.75k	0% $ 0

9.7yrs

Average Tenure

64yo

Average Age

Experienced Board: GS's board of directors are considered experienced (9.7 years average tenure).

Goldman Sachs Group Management

Management criteria checks 3/4

Key information

Recent management updates

The Goldman Sachs Group, Inc. Announces Executive Changes

The Goldman Sachs Group, Inc., Annual General Meeting, Apr 24, 2024

The Goldman Sachs Group, Inc. Announces Jessica Uhl Not Stand for Re-Election as Member of Board of Directors

The Goldman Sachs Group, Inc. Announces Board Changes

Goldman Sachs Asset Management Appoints Alexandra Wilson-Elizondo as Co-Chief Investment Officer

The Goldman Sachs Group, Inc. Appoints Nicholas Gleize as Senior Vice President

Recent updates

The Goldman Sachs Group, Inc. Announces Executive Changes

The Goldman Sachs Group, Inc., Annual General Meeting, Apr 24, 2024

The Goldman Sachs Group, Inc. Announces Jessica Uhl Not Stand for Re-Election as Member of Board of Directors

First Advantage Corporation (NasdaqGS:FA) entered into an agreement to acquire Sterling Check Corp. (NasdaqGS:STER) from The Goldman Sachs Group, Inc. (NYSE:GS), Caisse de dépôt et placement du Québec and others for $1.7 billion.

First Advantage Corporation (NasdaqGS:FA) entered into an agreement to acquire Sterling Check Corp. (NasdaqGS:STER) from The Goldman Sachs Group, Inc. (NYSE:GS), Caisse de dépôt et placement du Québec and others for $1.7 billion.

The Goldman Sachs Group, Inc. to Report Q2, 2024 Results on Jul 15, 2024

The Goldman Sachs Group, Inc. Announces Board Changes

Saudi Tadawul Group Holding Company (SASE:1111) entered into a binding agreement to acquire unknown minority stake in Dubai Mercantile Exchange Limited from a group of sellers.

The Goldman Sachs Group, Inc. Declares Dividend on Common Share, Payable on March 28, 2024

Goldman Sachs Asset Management Appoints Alexandra Wilson-Elizondo as Co-Chief Investment Officer

The Goldman Sachs Group, Inc. Appoints Nicholas Gleize as Senior Vice President

Goldman Sachs Reportedly Plans to Offload GM Credit Card

Creative Planning, LLC completed the acquisition of Goldman Sachs Personal Financial Management from The Goldman Sachs Group, Inc. (NYSE:GS).

Exxon Mobil Corporation (NYSE:XOM) completed the acquisition of Denbury Inc. (NYSE:DEN) from The Goldman Sachs Group, Inc. (NYSE:GS), BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc., FMR LLC and others.

Goldman Sachs Appoints Aaron Lamshed as Head of Equity Capital Markets

Goldman to Pay SEC $6 Million in Penalties for Providing Deficient Blue Sheet Data

Goldman to Pay SEC $6 Million in Penalties for Providing Deficient Blue Sheet Data

Sixth Street Partners-Led Consortium Reportedly in Exclusive Talks to Buy Goldman's GreenSky

Creative Planning, LLC agreed to acquire Personal Financial Management Unit of The Goldman Sachs Group, Inc. (NYSE:GS).

Goldman Reportedly To Join TDR's Subway Bid To Rival Frontrunner Roark

Goldman Sachs Reportedly Weighs Sale for Part of its Wealth Business

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age