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The Guardian
· collected 2026-10-08 · by Kalyeena Makortoff Banking correspondent
Goldman Sachs is set to distribute bonuses totaling up to $500 million this year among its top executives, with CEO David Solomon potentially receiving around $100 million. This significant payout is linked to the bank’s stock performance over five years and aims to retain key talent in a competitive market. The bonus structure was initially outlined by Goldman Sachs in 2021 and reflects the company's exceptional financial growth since then.
Written locally by qwen2.5:14b on 2026-10-08,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
Story summary
Top bosses at Goldman Sachs are set to share a bonus pot worth up to $500 million (£378m), marking one of the largest payouts in the bank's history. The chief executive, David Solomon, is expected to receive approximately $100 million (£75.6m) alone. This year’s bonuses are nearly double last year’s record-breaking pay package for Solomon and are tied to Goldman Sachs’ share price performance over five years compared to competitors like JP Morgan and Bank of America. The bank's president, John Waldron, who is slated to succeed Solomon as CEO, will also receive a significant payout alongside other high-ranking executives. This hefty bonus plan aims to incentivize top talent retention in an increasingly competitive banking environment.
Written for “Goldman Sachs Bonus Pot” on 2026-10-08,
grounded in this article and the 0 other(s) covering the same event.
Top bosses at Goldman Sachs are in line to share a bonus pot worth up to $500m (£378m) this year, marking one of the biggest payouts in the Wall Street bank’s history.
asserted
bosses → share → history
The eye-watering sum will be shared between 20 bankers, with its chief executive, David Solomon, due to take about $100m (£75.6m) of the reward, which is made up of Goldman Sachs stock.
asserted
which → water → stock
That is more than double the value of the record $47m (£35.5m) annual pay packet he was granted last year.
asserted
he → grant → packet
The $500m bonus pot is the culmination of a long-term investment plan first crafted by the bank in 2021.
asserted
pot → craft → 2021
The final sum, which is due to be confirmed later this month, is tied to how high Goldman’s share price has climbed over the past five years, as well as how its stock price has performed compared with peers such as JP Morgan and Bank of America over that period.
asserted
price → confirm → period
Goldman Sachs said the bonuses were meant to persuade bosses to stay at the bank “in an increasingly competitive market”.
asserted
bonuses → say → market
The bank’s president, John Waldron, who is widely expected to succeed Solomon as chief executive, is also in line for a payout, alongside other top bosses such as the co-heads of global banking and markets, Ashok Varadhan and Dan Dees.
asserted
who → expect → banking
News of the bumper bonus, which was first reported by Bloomberg, comes days before Goldman is due to report third-quarter earnings on 13 October.
asserted
Goldman → report → October
The bonuses reflect the value of Goldman Sachs stock, which has surged roughly 146% over the past five years, and climbed about 300% since Solomon took the helm as chief executive.
asserted
Solomon → reflect → executive
A spokesperson for the bank said: “The board created these awards to achieve three principal objectives: align compensation with rigorous performance thresholds, ensure leadership continuity and enhance retention of our top talent in an increasingly competitive market.
asserted
board → say → market
It’s no secret our firm has performed exceptionally well in the years since.”
asserted
firm → ’ → years
The US lender Citigroup announced earlier this year that its chief executive, Jane Fraser, had been paid a record $42m (£31.8m) for 2025.
asserted
executive → announce → 2025
Meanwhile, JP Morgan’s chief executive, Jamie Dimon, took home a total pay package worth $43m (£32.5m) last year, up 10% from a year earlier.
asserted
executive → take → package
Dimon’s own long-term incentive award is worth about $270m (£204.1m), according to Bloomberg.
uncertain
award → accord → Bloomberg