Donald Trump’s Top Economy Adviser Just Got $100m Exit Package From Goldman Sachs
Award size to Donald Trump’s economy adviser likely to put focus on ‘golden parachutes’
Goldman Sachs just payed an exit package deal worth at the very least $100m to its former president and chief operating officer Gary Cohn, as he leaves Goldman Sachs to become Trump’s top economic adviser.
Based on the filing released by Goldman Sachs, Cohn will see an accelerated vesting of roughly $111 million in Goldman stock primarily based on present trading prices. These holdings are comprised of $47 million in long-term performance incentive awards, $18 million in performance share units, 99,909 in stock subject to ownership requirements, and 96,572 restricted shares.
Cohn additionally made $20 million in 2016, split between cash and performance compensation.
Cohn is also joined by fellow Goldman Sachs alums including Treasury Secretary nominee Steven Mnuchin inside the Trump administration. Goldman shares have surged nearly 35% since Election Day.
Would the large compensation deal compromise Cohn’s ability to work in the interest of the public? Let us know in the comment section below:
You may be interested
Who thinks that the music in the 80s was better than today’s?
Editor - Nov 08, 2016Espresso is the one biggest consumable product. It’s liable for the success of numerous professionals. Actually, there’re not less than a dozen…
12 reasons why you should drink Black Coffee every day
Editor - Jul 29, 2016Coffee is the single greatest consumable product. It’s responsible for the success of countless professionals. In fact, there’re at least a dozen…
The 6 things every driver should know How to Do
Editor - Jul 29, 2016The owner’s manual of any car will tell you in the most excruciatingly simplistic step-by-step manner possible how to operate…
