Moscow. On 25 January. Goldman Sachs and Morgan Stanley have reduced annual payments to its leaders, since the fall of the markets has had a negative impact on profits of U.S. banks in 2015, writes The Wall Street Journal.
Chairman of the Board of Directors and chief Executive officer of Goldman Sachs Lloyd Blankfein will receive last year’s salary and bonuses totaling $23 million, which is 4% less than the payout for the prior year ($24 million), the sources said.
James Gorman, who takes a similar position in Morgan Stanley, will receive $21 million, which is 6.7% less than the amount paid to him in 2014 ($22.5 million).
Stock quote Goldman Sachs last year decreased by 7%, Morgan Stanley by 18%.
As previously reported, the Chairman of the Board of Directors and chief Executive officer of JPMorgan Chase & Co. Jamie Dimon will get for 2015 compensation payments in a total of $27 million Is $7 million, or 35%, higher payouts for the previous year.
The share price of the Bank last year increased by 5.5%, while the stock index Standard & Poor’s 500 Financials index declined 3.5%.