Rants and Raves

[jimmym4]

Goldman Sachs Group Inc. cut Chief Executive Lloyd Blankfein's stock bonus for the first time since the financial crisis, the latest sign that Wall Street executives are paying for a year of mixed financial performance and steep stock-price declines.

The New York securities firm awarded Mr. Blankfein restricted shares worth $7 million for 2011, according to a regulatory filing Friday. That is down 44% from Mr. Blankfein's $12.6 million bonus for 2010, and his lowest payout since he received no bonus for 2008, a year in which Goldman accepted government funds.

Goldman didn't disclose whether Mr. Blankfein also received a ...