Goldman Bumps Waldron’s Pay 28% to $30 Million Amid Profit Slump

Goldman Sachs Group Inc. bumped President and Chief Operating Officer John Waldron’s pay package 28% to $30 million for his work in a year when earnings slumped at the Wall Street giant.

The pay package includes $1.85 million base salary and almost $28.2 million in variable compensation, with nearly $16.9 million of that in the form of performance stock units, according to a regulatory filing Friday. His pay jump was greater than the one granted to Chief Executive Officer David Solomon, who received a 24% bump to $31 million, the New York-based bank said last month.

John Waldron, president and chief operating officer of Goldman Sachs Group Inc.

Photographer: Lionel Ng/Bloomberg

Goldman’s ...