There are two sides to every coin, and sometimes one is shinier.
According to Goldman's proxy statement, Lloyd Blankfein earned $12 million for his work in 2011, down 35.5% from a year earlier, a decline that makes sense given the firm's lackluster performance.
But under reporting requirements for the Securities and Exchange Commission, he earned $16.2 million, up nearly 15% from 2010. Under those guidelines, his pay includes compensation such as stock options that rolled over into 2011.
Altogether, he earned a $3 milion cash bonus, $10.7 million in stock awards and a $2 million base salary. Last year, Goldman increased salaries for top executives to $2 million from $600,000.
His No. 2, Chief Operating Officer Gary Cohn, earned $15.8 million, up 14% from a year ago, under SEC guidelines, while Chief Financial Officer David Viniar raked in $15.8 million, up 13.3% from the year earlier period.
J. Michael Evans, who some see as a successor to Blankfein, earned $15.7 million.
Meanwhile, elsewhere in Goldmanland, the New York Post reports that tensions are running high between Blankfein and Cohn, due to the latter's wish to get to the top of the chain sooner rather than later. Take that for what it's worth, but Monday mornings are always best served with a dollop of Shakespearean successor drama.
Position of Strength (FINS)
The House of Dimon added employees in its retail businesses, but the investment bank shrunk by nearly 300 jobs.
Woman at the Top (WSJ)
The female head of the private equity firm that took Annie's Inc. public just made a killing with that IPO, and the majority of her staff are women, too.
Poaching Away (FT)
When you're a rainmaker, everyone wants to follow in your wake. Andrea Orcel is having no trouble bringing over a few buddies from BofA to help him out in his new gig at UBS.
Coming For Your Bonuses (BBC)
The European Commission is considering banker bonus proposals right now, and some of them want bonuses to be capped at 100% of base salary.
Neat and Tidy (Business Insider)
This cool image shows where recruiters' eyes dart to when they come across a resume that's all over the place and a resume that's in working order.
The Price of a Bet (Bloomberg)
Be careful what you commit your hair to. One portfolio manager had to shave his due to losing a bet on the price of gold.
Buzz Around the Office
A zany football helmet commercial from 1932.
List of the Day: Using Humor
Humor can be an effective way to ingratiate yourself with colleagues and bosses. Just don't take it too far.
1. Be careful with sarcasm. You don't want people to misconstrue your words.
2. Deploy humor to make people feel more comfortable.
3. Stay away from sensitive topics.