Goldman's new CFO to receive $1.85 million in annual salary
(Reuters) - Goldman Sachs Group Inc (GS.N) said newly appointed CFO Harvey Schwartz will receive $1.85 million in annual salary and be eligible for variable compensation.
Goldman named Harvey Schwartz, a senior trading executive, to replace David Viniar as chief financial officer, the latest in a series of executive shuffles as the investment bank prepares for a change in top management.
Viniar is among the best-paid executives on Wall Street. He earned $15.8 million last year and held 1.8 million shares of Goldman as of March 26, according to a proxy filing.
Schwartz will take over from Viniar, the longest-serving CFO on Wall Street, at the end of January.
Schwartz, 48, is among a small group of executives who are considered potential candidates to take over when Goldman Chief Executive Lloyd Blankfein steps down.
(Reporting by Jochelle Mendonca in Bangalore; Editing by Saumyadeb Chakrabarty)
- U.S. Mega Millions lottery up to $400 million, 2nd-biggest ever
- Uruguay becomes first country to legalize marijuana trade
- Pope Francis named Time's Person of the Year
- Thousands of South Africans line up to see Mandela lie in state |
- China bitcoin arbitrage ends as traders work around capital controls