NEW YORK (AP) — Goldman Sachs CEO Lloyd Blankfein received total compensation of $16.1 million in 2011, a 14 percent increase from the year before.
In a regulatory filing posted Friday morning, the New York investment bank detailed Blankfein's compensation for last year. Goldman paid its chairman and CEO a salary of $2 million, a bonus of $3 million and stock awards worth $10.7 million.
Blankfein's total pay included $9,800 in matching payments to his retirement plan, $51,467 for a car and driver and $258,701 for security services. The amount Goldman paid for his security doubled from the year before.
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The AP calculation of executive compensation aims to isolate the value company boards place on CEOs' total pay package. It includes salary, bonus, incentives, perks and the estimated value of stock options and awards.
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