Goldman Sachs announced key updates regarding its leadership and compensation policies. On January 16, 2025, the Board granted Retention RSUs worth $80 million each to CEO David Solomon and COO John Waldron, with a five-year vesting period, as part of the company’s strategy to ensure leadership stability and align their incentives with long-term shareholder value. The awards are subject to the firm’s clawback provisions and will only vest under specific conditions, such as continuous service and compliance with the company’s risk and governance policies. The initiative underscores the Board’s confidence in their leadership amid strategic execution and organizational growth.

Additionally, Goldman Sachs introduced a Long Term Executive Carried Interest Incentive Program (CIP), linking a portion of senior leaders’ compensation to the performance of the firm’s alternatives business. This program reflects Goldman Sachs' focus on scaling fee-based revenues in its Asset & Wealth Management division. The firm reported strong financial performance for 2024, including net revenues of $53.51 billion and net earnings of $14.28 billion, with a 48% increase in stock price and strengthened positioning across its core franchises. David Solomon's annual compensation for 2024 totaled $39 million, reflecting his leadership in advancing the firm’s strategic priorities and shareholder value creation.