Goldman Sachs Group Inc. minimized Chief Executive Officer Lloyd Blankfein’s annual compensation 27 per-cent, awarding him US$22 mil for 2016 after wiping out a long-term incentive merit.

Blankfein, 62, received US$16 million in performance stocks and a US$4 million income bonus, in addition to his / her US$2 million salary, the latest York-based firm said Comes to an end in a filing. Compared with past years, most of the CEO’s equity-based awards ended up linked to performance.