Goldman Sachs (GS) is locking in CEO David Solomon for at least another five years with a sweet stock deal — along with a big, annual pay increase.

Goldman Sachs gave Chief Executive David Solomon an $80 million bonus to stay for five more years, ending any lingering questions about his grasp on the Wall Street giant. Solomon had a bruising couple of years at Goldman that cast his longevity as CEO into doubt among many partners after taking over in 2018.

Goldman Sachs awards $80 million retention RSUs to CEO David Solomon and COO John Waldron, emphasizing leadership stability, long-term value, and strategic priorities.

The retention awards are the second in just over three years given to Chief Executive David Solomon and President John Waldron, who is also the chief operating officer. They “reflect the Board’s desire to retain the current CEO and COO as a senior leadership team,” according to a filing Friday.

Retention bonus, and big pay raise, quell any more questions about the CEO’s ability to stay in place

"There's some possibility" the credit-card partnership between Goldman Sachs (NYSE:GS) and Apple (NASDAQ:AAPL) will conclude before the contract's 2030 expiration date, Goldman CEO David Solomon said during his firm's (NYSE:GS) Q4 earnings call on Wednesday.

Goldman Sachs raised CEO David Solomon’s compensation 26 per cent to US$39 million for last year, according to a filing, and its board lined up an US$80 million stock retention bonus that signals he will stay at the helm for another 5 years.

Goldman Sachs announcing it is raising CEO David Solomon's pay from 31 million to 39 million. Interestingly, also and very notable, the compensation compensation committee approved with the board just yesterday.

Goldman Sachs boosted chief executive David Solomon’s pay by 26 per cent to $39mn and set up $80mn retention plans for him and president John Waldron in an effort to ensure the pair remain at the bank for the next several years.