Goldman Sachs President John Waldron’s pay and perks have long made him an outlier among bank deputies.
Last year, he became the rare second-in-command to join his boss on his bank’s board of directors. Beyond that, he’s become the gold standard in well-paid No. 2s. He received $38 million in compensation in 2024 – out-earning all U.S. big-bank CEOs except Goldman’s David Solomon and JPMorgan Chas...
The strongest version of this narrative highlights Goldman Sachs’ aggressive compensation practices, positioning John Waldron as an exceptional executive whose pay now exceeds that of JPMorgan’s Jamie Dimon, a figure often seen as the gold standard in U.S. banking leadership. The article provides detailed breakdowns of executive pay, emphasizing performance-based incentives and retention bonuses as tools to secure top talent. It also acknowledges the controversy surrounding Kathryn Ruemmler’s de...