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March 10, 2008

Goldman Execs Earn $70M Plus

Goldman Sachs Co-Presidents Gary Cohn and Jon Winkelried earned upwards of more than $70 million each in total pay for fiscal 2007.

 

Cohn’s and Winkelried’s total pay – $72.5 million and $71.5 million, respectively – included $600,000 each in annual salary, as well as $26.6 million each in bonuses, according to the company’s proxy statement it filed with the Securities and Exchange Commission.

 

Cohn also received $354,196 in other compensation, and Winkelried was paid $232,370 in other compensation.

 

The company has said it has received a shareholder proposal seeking advisory votes on its executive-pay plans, and has recommended its holders to reject the proposal.

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