Goldman Sachs CEO Blankfein pay fell to $13.3 million last year

By Lauren Tara LaCapra

NEW YORK (Reuters) - Goldman Sachs Group Inc Chief Executive Lloyd Blankfein received $13.3 million in compensation last year, an 18 percent drop from his pay in 2011, according to a securities filing on Friday.

Blankfein, 58, received the same $2 million base salary and a higher cash bonus, but roughly half the dollar amount of stock awards he had received in 2011. Goldman made the disclosure in its annual proxy filing.

Other named executives - Chief Operating Officer Gary Cohn, former Chief Financial Officer David Viniar and Vice Chairmen J. Michael Evans and John Weinberg - also received pay cuts in 2012.

The Wall Street bank's earnings nearly tripled last year and its shares rose 41 percent, but operating results were still muted due to weak volumes for trading and dealmaking.

The proxy filing also included shareholder proposals that Goldman explore a merger or sale of itself, and that the bank disclose more information about its lobbying activities, among other items. Goldman recommended that shareholders vote against the proposals.

(Reporting By Lauren Tara LaCapra; editing by Andrew Hay)

Source: http://news.yahoo.com/goldman-sachs-ceo-blankfein-pay-fell-13-3-162150880--sector.html

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