US banking powerhouse Goldman Sachs said on January 28 that it was more than tripling the salary of chief executive Lloyd Blankfein to $2 million in 2011 from $600,000 last year.
The four other top executives of Wall Street's premier investment bank will also see their basic salaries triple from the present $600,000: chief operating officer Gary Cohn, finance director David Viniar, and two vice presidents Michael Evans and John Weinberg will each earn $1.85 million, Goldman said in a document published on January 28.
Such sums do not include the year-end bonuses, which regularly multiply salaries at the top US banks by several times. Last year Blankfein pulled in a bonus of $9 million.