Goldman Sachs Group's former president and chief operating officer Gary Cohn received $85 million in cash and stock related payouts as he leaves the Wall Street firm for a new role in the Trump administration.
Cohn received $20 million in total compensation for 2016, down 5 percent from 2015, according to a regulatory filing. This payout was comprised of a $1.85 million salary and $18.15 million in stock-related awards.
Cohn, who in December said he was leaving Goldman to become an economic adviser to the White House, was forced to divest his holdings in Goldman's stock to avoid potential conflicts of interest. These stock holdings totaled $65 million which Cohn was awarded in a cash payout.