Despite no longer technically being under his jurisdiction, the Goldman Sachs CEO apparently sought some advice from Special Master of Compensation Kenneth Feinberg regarding his decision to pay himself a $9 million all-stock bonus last week. According to the pay czar's interview with Bloomberg TV today, he and Lloyd didn't really get into specific numbers, but instead had a more general conversation "about how Goldman as an institution should approach base salaries and compensation over time,” i.e. it was a lot of Lloyd going "Would this big be okay? How about this big?" and making gestures with his hands. Feinberg's verdict? “To a large extent I think he has succeeded in adopting the prescriptions we laid out.” Still, he said, he thinks it's too much, although he has to say that.
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