At Goldman, bald pate == big bucks

Posted Feb 22nd 2007 9:45AM by Peter Cohan
Filed under: Management, Goldman Sachs Group (GS)

Wondering how to make the big bucks at The Goldman Sachs Group, Inc. (NYSE: GS)? Besides hard work, talent, meeting your goals, and organizational savvy, it helps to be bald.

According to Bloomberg, GS paid its CEO Lloyd Blankfein $54 million for his work in 2006.

It also paid $53 million to both first year co-presidents Gary Cohn (on the right) and John Winkelreid (left).

One of my Wharton classmates is a Goldman Managing Director who also happens to have a shiny pate.

I'm not the first to notice this trend. Fellow BloggingStocks blogger Rick Rickertsen wrote about the same trend back in October.

Could Goldman face a class action lawsuit from its non-follically DisAbled staffers who aren't cracking through Goldman's gold-plated executive ceiling? I doubt Lloyd Blankfein will be pulling out his hair worrying about it.

Peter Cohan is President of Peter S. Cohan & Associates, a management consulting and venture capital firm, He also teaches management at Babson College and edits The Cohan Letter. He has no financial interest in Goldman Sachs.

Tags: goldman sachs, GoldmanSachs, gs, lloyd blankfein, Lloyd Blankfein, CEO. GS.COM, LloydBlankfein, LloydBlankfein,Ceo.Gs.com