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Journalism of Courage
Goldman Sachs Group Inc said newly appointed CFO Harvey Schwartz will receive $1.85 million in annual salary and be eligible for variable compensation.
Goldman named Harvey Schwartz,a senior trading executive,to replace David Viniar as chief financial officer,the latest in a series of executive shuffles as the investment bank prepares for a change in top management.
Viniar is among the best-paid executives on Wall Street. He earned $15.8 million last year and held 1.8 million shares of Goldman as of March 26,according to a proxy filing.
Schwartz will take over from Viniar,the longest-serving CFO on Wall Street,at the end of January.
Schwartz,48,is among a small group of executives who are considered potential candidates to take over when Goldman Chief Executive Lloyd Blankfein steps down.
