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

Wall Street investment bank, whose stock price hit a record high this week, awards CEO Solomon a stock bonus set to vest in 2030.

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

The ways AI is changing the work of bankers and analysts just got clearer at the Wall Street bank.

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 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.

It used to take two weeks for a team of six bankers to do the same task, Goldman Sachs CEO David Solomon said.

Goldman Sachs chief David Solomon has warned private companies to take “great caution” before deciding to go public, adding that the depth of capital in private markets has removed the need for many to list at all.

Goldman Sachs' CEO David Solomon said AI can write 95 per cent of an IPO prospectus accurately, and people are now required for the last 5 per cent of the report.