Goldman Sachs has offered CEO David Solomon a lucrative compensation package to secure his leadership for the next five years.

Goldman Sachs (NYSE:GS) chief executive David Solomon was awarded an $80 million stock award to stay at the bank for another five years, it disclosed in a regulatory filing on Friday. John Waldron, Goldman's (GS),

Goldman Sachs announced a number of promotions in its global banking and markets division, signaling the rise of a next generation of leadership.The announcements were made as part of a series of internal memos today that were reviewed by The Wall Street Journal.

It used to take two weeks for a team of six bankers to do the same task, Goldman Sachs CEO David Solomon said.

Goldman Sachs is tapping several executives to lead its prized Wall Street businesses, it said on Tuesday, as part of a management reshuffle less than a week after reporting its biggest quarterly profit in more than three years.

Goldman Sachs is tapping a slew of executives to lead its most important Wall Street businesses, it said on Tuesday. The move marks an attempt to enhance the bank's leadership, and comes days after it reported its biggest quarterly profit in more than three years.

Goldman Sachs Group Inc. is promoting a slate of star executives to run its biggest Wall Street business lines, spotlighting the firm’s next generation of leadership.