Blankfein earned a total of $53.4 million in 2006, making him one of the highest paid executives on Wall Street. His bonus allegedly reflected the performance of Goldman Sachs, which reported record net earnings of $9.5 billion. The compensation included a cash bonus of $27.3 million, with the rest paid in stock and options. While CEO of Goldman Sachs Group in 2007, Lloyd C. Blankfein earned a total compensation of $53,965,418, which included a base salary of $600,000, a cash bonus of $26,985,474, stocks granted of $15,542,756 and options granted of $10,453,031. In 2008, Blankfein returned his annual bonus of $ 68.5 million because of "poor performance", having helped create the global economic crisis. Never mind that he still accepted his base salary of $600,000.00.
On April 7, 2009, Blankfein recommended guidelines to overhaul executive compensation (Please see his speech to the Council of Institutional Investors). According to the New York Times, Blankfein said that lessons from the global financial crisis included the need to "apply basic standards to how we compensate people in our industry". Blankfein has proven, time and again, that his pronouncements are nothing more than efforts to divert attention from his involvement in whatever nefarious crap has made MSM headlines - Nothing has been done to reform compensation. Goldman Sachs 2009 bonus pool is reported to exceed $19 billion.
In November, 2009, he declared in an interview that, as a banker, he was doing "God's work" ... Since when so servants of God need to accept financial bailouts from the federal government?
Blankfein has been named as the most outrageous CEO for the year 2009 by Forbes - Whatever the fuck that means. (I apologize for the curse, but it really is the most appropriate exclamation).
He lives in luxury in New York with his wife and children.