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 5.83 years. total yearly compensation is $26.67M, comprised of 7.5% salary and 92.5% bonuses, including company stock and options. directly owns 0.042% of the company’s shares, worth CHF60.64M. The average tenure of the management team and the board of directors is 4.3 years and 8.7 years respectively.

Key information

David Solomon

Chief executive officer

US$26.7m

Total compensation

CEO salary percentage	7.5%
CEO tenure	5.8yrs
CEO ownership	0.04%
Management average tenure	4.3yrs
Board average tenure	8.7yrs

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
Jun 30 2024	n/a	n/a	US$11b
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 ($USD26.67M) is above average for companies of similar size in the Swiss market ($USD4.94M).

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

CEO

David Solomon (62 yo)

5.8yrs

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	5.8yrs	US$26.67m	0.042% $ 60.6m
John Waldron	President & COO	5.8yrs	US$26.09m	0.032% $ 45.9m
Denis Coleman	Chief Financial Officer	2.6yrs	US$18.57m	0.010% $ 14.5m
Kathryn Ruemmler	Chief Legal Officer	3.4yrs	US$13.32m	0.0029% $ 4.1m
J. Gardner	Director	no data	no data	no data
Sheara Fredman	Controller & Chief Accounting Officer	4.8yrs	no data	0.0034% $ 4.9m
F. De Mallmann	Chair of Investment Banking	7.3yrs	no data	no data
Marco Argenti	Partner & Chief Information Officer	4.9yrs	no data	no data
Carey Halio	Global Treasurer	3.3yrs	no data	0.0021% $ 3.0m
Michael Richman	Chief Compliance Officer	4.3yrs	no data	no data
Sam Morgan	Co-Head of Client Services Team & Global Head of Sales	1.2yrs	no data	no data
Jacqueline Arthur	Global Head of Human Capital Management	1.6yrs	no data	no data

4.3yrs

Average Tenure

52yo

Average Age

Experienced Management: GS's management team is considered experienced (4.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David Solomon	Chairman & CEO	5.8yrs	US$26.67m	0.042% $ 60.6m
Sonjoy Chatterjee	Chairman & Co-CEO of Goldman Sachs (India) Securities Pvt Ltd	13.4yrs	no data	no data
Martha Burns	Independent Director	12.8yrs	US$511.46k	0% $ 0
Lakshmi Mittal	Independent Director	16.2yrs	US$449.82k	0.0045% $ 6.5m
David Viniar	Lead Independent Director	11.6yrs	US$494.79k	0.24% $ 349.0m
Adam Dell	Advisory Director	3.5yrs	no data	no data
Thomas Montag	Independent Director	1.1yrs	US$55.00k	0.059% $ 84.8m
Peter Oppenheimer	Independent Director	10.4yrs	US$565.68k	0.00060% $ 861.9k
Ellen Kullman	Independent Director	7.7yrs	US$525.16k	0% $ 0
Kimberley Harris	Independent Director	3.3yrs	US$488.54k	0% $ 0
Mark Flaherty	Independent Director	9.7yrs	US$469.79k	0.00030% $ 431.0k
Jan Tighe	Independent Director	5.7yrs	US$523.75k	0% $ 0

8.7yrs

Average Tenure

63yo

Average Age

Experienced Board: GS's board of directors are considered experienced (8.7 years average tenure).

Goldman Sachs Group Management

Management criteria checks 3/4

Key information

Recent management updates

Chairman & CEO recently sold CHF2.6m worth of stock

Goldman Sachs Appoints Bryan Jacobi as Executive to Its Asset Management Arm

The Goldman Sachs Group, Inc. Announces Management Appointments

Independent Director recently sold CHF4.5m worth of stock

Insufficient new directors

The Goldman Sachs Group, Inc. Appoints John B. Hess as Independent Director of the Board, Effective June 24, 2024

Recent updates

Upcoming dividend of US$3.00 per share

Chairman & CEO recently sold CHF2.6m worth of stock

Bolt Threads Inc. completed the acquisition of Golden Arrow Merger Corp. (NasdaqCM:GAMC) from Golden Arrow Sponsor, LLC, Fir Tree Capital Management LP, Magnetar Financial LLC, The Goldman Sachs Group, Jane Street Group, LLC and others.

Goldman Sachs Appoints Bryan Jacobi as Executive to Its Asset Management Arm

The Goldman Sachs Group, Inc. Announces Management Appointments

Independent Director recently sold CHF4.5m worth of stock

Second quarter dividend of US$3.00 announced

Second quarter 2024 earnings released: EPS: US$8.77 (vs US$3.08 in 2Q 2023)

The Goldman Sachs Group, Inc. (NYSE:GS) agreed to acquire an unknown majority stake in Tait Towers Inc. from Providence Equity Partners L.L.C.

The Goldman Sachs Group, Inc. (NYSE:GS) agreed to acquire an unknown majority stake in Tait Towers Inc. from Providence Equity Partners L.L.C.

Saudi Tadawul Group Holding Company (SASE:1111) completed the acquisition of unknown minority stake in Dubai Mercantile Exchange Limited from a group of sellers.

Insufficient new directors

The Goldman Sachs Group, Inc. Appoints John B. Hess as Independent Director of the Board, Effective June 24, 2024

The Goldman Sachs Group, Inc. (NYSE:GS) acquired Xpress Wellness Urgent Care from Latticework Capital Management.

Upcoming dividend of US$2.75 per share

Insider recently sold CHF6.2m worth of stock

Chairman & CEO recently sold CHF2.7m worth of stock

First quarter 2024 earnings released: EPS: US$11.68 (vs US$8.87 in 1Q 2023)

Lead Independent Director recently sold CHF2.0m worth of stock

First quarter dividend of US$2.75 announced

First quarter 2024 earnings released: EPS: US$11.71 (vs US$8.88 in 1Q 2023)

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.

Chief Financial Officer recently sold CHF4.4m worth of stock

Full year 2023 earnings released: EPS: US$23.05 (vs US$30.42 in FY 2022)

Upcoming dividend of US$2.75 per share

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

Insider recently sold CHF3.1m worth of stock

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

Full year 2023 earnings released: EPS: US$23.20 (vs US$30.42 in FY 2022)

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

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age