Goldman gave the 52-year-old Blankfein $27.3 million in cash, $15.7 million in restricted stock and options worth about $10.5 million to go on top of his annual salary of $600,000, according to documents filed last night with the Securities and Exchange Commission.
Goldman also disclosed that co-presidents Jon Winkelried and Gary Cohn each received options and restricted stock worth roughly $25.7 million each. The firm did not disclose the amount of cash bonus each received. Vice Chairman John Weinberg received $15.2 million in restricted stock and options.
Just last week at Goldman's rival Morgan Stanley (MS), CEO John J. Mack recieved a bonus of $41.1 million.
The disclosure of Blankfein's windfall comes as some inside the firm were rumored to be receiving bonuses of about $100 million. A Goldman spokesman said yesterday that only a few people at the firm received more than Blankfein and no one at the firm "came close to the $100 million mark."
Blankfein, who took over as CEO in June after former chief Hank Paulson left to become Treasury Secretary, led Goldman to $9.54 billion in net income for fiscal 2006, the fattest profits in the history of the securities industry. Even as Wall Street enjoyed its best year ever, none of Goldman's biggest rivals approached its earnings growth or the 58 percent gain in its shares.
Blankfein, who grew up in Brooklyn and joined Goldman as a metals salesman in 1982, received $38 million in total pay last year, almost as much as Paulson.
Bonuses are at record levels this year on Wall Street, and are expected to total an astonishing $23.9 billion.