🦔About 20 Goldman Sachs executives are set to collect more than $500 million in special stock awards this month, Bloomberg reports. CEO David Solomon's share tops $100 million on its own. My Take These awards go back to 2021. Goldman promised Solomon and his top people extra stock if the share price hit certain targets and beat rival banks over five years, and it did. The stock went from about $410 when the awards were granted to over $1,000 today, which is how Solomon's piece grew from roughly $30 million on paper to more than $100 million. Shareholders made money too, so I can't call this one unearned. Solomon also made $47 million in regular pay for 2025, and he and his likely successor John Waldron each have another $80 million retention award coming in 2030 that only requires them to stay. Unlike the 2021 award, that one has no performance test. Last fall, those same two signed a memo that warned Goldman employees to expect job cuts and a hiring slowdown as AI takes on more of the work. I expect a lot more of Wall Street's AI savings to show up in executive pay than in raises for the people still doing the work. Hedgie🤗