Shanghai Daily: Business - shanghaidaily.com
GOLDMAN Sachs Group Inc, the world's biggest securities firm, awarded Chief Executive Officer Lloyd Blankfein a record US$67.9 million bonus in 2007 as mortgage losses drove his counterparts at Morgan Stanley and Bear Stearns Cos to forgo year-end payouts. Blankfein, 53, will receive US$26.8 million in cash, and US$41.1 million in restricted stock and options, the New York-based firm said in a regulatory filing. Co-Presidents Gary Cohn, 47, and Jon Winkelried, 48, will each receive restricted shares and options valued at about US$40.5 million, up from US$25.7 million last year. Cash payments weren't disclosed for anyone other than Blankfein, who reaped a record-setting US$53.4 million last year. Goldman shattered Wall Street profit records for the fourth consecutive year even as banks and securities firms, including Citigroup Inc and Merrill Lynch & Co, were forced to take at least US$96 billion of writedowns. Goldman set aside US$20.2 billion to pay employee salaries, benefits