Blankfein gets $5.4 million cash bonus

Blankfein and Goldman Sachs faced congressional scrutiny last year when lawmakers questioned whether the firm bet against its own clients. 

During congressional hearings, Blankfein denied the accusations. 

The SEC filed a lawsuit in April 2010 alleging that Goldman misled investors with a subprime mortgage product as the housing market was declining. 

As part of the deal in July, Goldman acknowledged that the marketing materials for the ABACUS transaction “contained incomplete information.”

Goldman Sachs, the fifth largest bank in the U.S. by assets, gave Blankfein a raise although Goldman’s earnings have dropped 38 percent and the stock price hasn’t changed much in the past year.