Goldman Sachs chief executive Paulson paid $21.4m.

Financial News, February, 2004

The carnival of cash on Wall Street was on full display again yesterday after Goldman Sachs revealed in regulatory filings that it paid its chairman and chief executive officer, Henry Paulson, $21.4m ([euro]16m) last year, nearly double his entire 2002 package.Paulson, who took the top job at Goldman in 1999 just before the financial industry's downturn, is not alone in seeing the rewards of the recent financial turnaround on Wall Street. William Harrison, the chairman of JP Morgan, was paid $20m in 2003 and other brokerage chiefs are thought to have taken home similar sums.

Goldman said Paulson, 57, received no bonus, a $600,000 salary and $20.8m in restricted stock grants. John Thain, who left the No 2 spot at the brokerage recently to take over the New York...

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