STORY: Goldman Sachs CEO David Solomon got a 26% pay raise last year, taking his compensation to $39 million.

That's according to a company filing that also showed he was granted an $80 million stock retention bonus, signaling he'll lead the investment bank for another five years.

Solomon told a Reuters Next conference last month that he will lead the firm for as long as he can.

:: December 10, 2024

"I've got a great job and, you know, I'll be the CEO as long as the board wants me to be the CEO. You know, this week it seems like, you know, things are going well. Next week, things could be tough. But we're committed to a strategy. We have enormous support from our board. We have an incredible team. And I think we're making good progress. But more to do, we'll continue to stay focused on serving our clients and growing the firm."

Goldman Sachs this week reported its biggest quarterly profit in more than three years as its investment bankers brought in more deal fees, while its traders benefited from active markets.

A spokesperson for the bank said the board is "determined to maintain our momentum, ensure stability, and keep in place a solid succession plan."

Goldman's president and chief operating officer John Waldron was also awarded a retention bonus of $80 million in restricted stock that vests in 5 years.

He is widely seen as a successor to Solomon.

CEO succession is in focus across Wall Street.

From Jamie Dimon at JPMorgan Chase to Brian Moynihan at Bank of America, investors are focused on the long tenures of executives running the largest banks in the country.