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 has offered CEO David Solomon a lucrative compensation package to secure his leadership for the next five years.

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.

Goldman Sachs Group handed its top two executives retention awards valued at $80 million each and launched a program to give its leaders a slice of carried interest earned on private equity funds as it tries to compete on pay with top alternative-asset managers.