FORTUNE -- Last year was a pretty good one for Goldman Sachs. But it was a very good year for the bank's CEO, Lloyd Blankfein.
According to a financial filing that came out on Friday, Goldman (GS) paid Blankfein $23 million for his work in 2013. That was up $2 million from the year before. In addition to his 2013 compensation, Goldman also said Blankfein was eligible to collect an additional $6 million if the firm meets certain goals during the next three years.
Blankfein's $23 million pay included a base salary of $2 million and a cash bonus of $6.3 million. The bonus was up $600,000 from a year ago. He also got $14.7 million in restricted stock, which was up $1.4 million from a year before.
Goldman's No. 2 executive, Gary Cohn, also got a $2 million pay bump last year, to $21 million. Harvey Schwartz, who took over the role of chief financial officer last year, also got paid $21 million for 2013.
Even with the raises, the 2013 executive compensation is still a far cry from what Blankfein and Cohn got a few years ago. The two were paid $54 million and $53 million, respectively, in 2007. What's more, some other Wall Street CEOs got bigger pay raises this year.
Still, the $23 million for 2013 was enough to make Blankfein, like last year, Wall Street's best-paid CEO. That compared to $20 million for JPMorgan Chase (JPM) CEO Jamie Dimon, and $18 million for James Gorman at Morgan Stanley (MS).
And Blankfein got more than a raise in 2013. In November, he told a crowd of fellow Wall Streeters that his reflections on the financial crisis had led to a good deal of personal growth for him.
Blankfein's raise came despite the fact that Goldman had somewhat of a rocky year in 2013. Earnings at the company were up, but only by 8%. And that included a third quarter in which the company saw a big drop in its trading business. Last month, in the Fed's annual stress test, Goldman's initial capital plan was rejected by the regulator. Only after quickly scaling back the amount the bank would spend on dividends and share buybacks did Goldman get a passing grade.
What's more, at least part of the reason Goldman had higher earnings last year was the fact the firm cut its overall compensation expenses. The average Goldman worker was paid $383,374 in 2013, down 4% from a year before. Clearly, the "pain" wasn't evenly felt.
A drop in compensation and a boost from deals like Twitter's IPO helped the bank rebound from a disappointing third quarter.
FORTUNE -- Goldman Sachs' profits in the last three months of 2013 fell 19% from a year earlier to $2.3 billion, but the earnings were much better than analysts had expected.
"We believe that we are well positioned to generate solid returns as the economy continues to heal and provide considerable MOREStephen Gandel, senior editor - Jan 16, 2014 8:17 AM ET
CEO of Goldman Sachs says 2008 and its aftermath made him think about quitting, but ended up making him a better person.
FORTUNE -- Lloyd Blankfein says the financial crisis was, for him, a period of personal growth.
Millions of Americas were facing foreclosure. Many, many more lost their jobs. Blankfein had to face stinging public criticism of his firm.
The Goldman Sachs CEO, speaking at an industry conference on Tuesday, said there MOREStephen Gandel, senior editor - Nov 13, 2013 1:42 PM ET
A former top Goldman banker describes how the bank's approach to ethics and integrity has changed over the years.Sep 24, 2013 12:58 PM ET
Dodd-Frank requires banks to disclose a new measure of the riskiness of their loans and investments. Goldman is the only big bank still refusing to do it.
FORTUNE -- How risky is Goldman Sachs? Don't ask. Executives won't tell you.
On a conference call with analysts on Tuesday to announce first-quarter earnings, which beat expectations but still somehow disappointed, Goldman's CFO Harvey Schwartz was asked about a key measure that tracks how MOREStephen Gandel, senior editor - Apr 17, 2013 5:00 AM ET
The Federal Reserve bank stress test suggests a Goldman risk measure may be misleading.
FORTUNE -- In the last year or so, Goldman Sachs executives have tried to portray their firm, often seen as a Wall Street swashbuckler, as a lot less risky than it used to be. The Federal Reserve appears not to be convinced.
We'll get a better idea of what the Fed thinks on Thursday after the market closes, MOREStephen Gandel, senior editor - Mar 14, 2013 5:00 AM ET
The bank cuts its interest rate exposure after warnings from CEO Lloyd Blankfein and COO Gary Cohn.
FORTUNE -- Goldman Sachs is growing more nervous about the bond bubble.
In the past year, the investment bank has dramatically cut the amount of money it could lose on any given day if interest rates were to rise, which would cause bond prices to fall. The bank has also upped its own borrowing in MOREStephen Gandel, senior editor - Jan 30, 2013 1:35 PM ET
The bank took in nearly $6 billion from proprietary trading in 2012, even as more plain-vanilla lending revenue continues to grow.
FORTUNE -- Here comes the new Goldman Sachs. And it looks a little bit like the old Goldman Sachs.
Goldman (GS) said Wednesday morning that it earned nearly $2.9 billion in the last three months of 2012, more than $1 billion more than analysts were expecting. Earnings per share more than MOREStephen Gandel, senior editor - Jan 16, 2013 8:17 AM ET
The Goldman Sachs CEO says his firm is advising companies to take on more debt.
FORTUNE -- Lloyd Blankfein, the CEO of Goldman Sachs, says watch out for the bond market. Blankfein, talking Wednesday at The New York Times' Dealbook conference, said there appears to be a general complacency about low interest rates when he talks to investors.
"I think that is one of the big risks that are looming out there MOREStephen Gandel, senior editor - Dec 12, 2012 1:40 PM ET
A guide to the battle for control is playing out at the top of the Wall Street powerhouse that once dominated the financial world.
FORTUNE -- Shakespearean is a trope often used to describe the machinations of Wall Street power players, but only the Bard could do justice to the treacheries reportedly playing out at the top of Goldman Sachs. The story leaking out of the bank has all the ingredients MOREKatie Benner - Apr 16, 2012 10:28 AM ET
|How Zuck met Oculus: Facebook's big bet on virtual reality|
|Fears grow over China property flameout|
|Oklahoma bans local minimum wage increases|
|China GDP slows to 7.4% in first quarter|
|Researchers claim to hack fingerprint sensor on Samsung's new Galaxy S5|