
Ed Emerson has been one of Goldman Sachs’s highest paid executives in recent times—in fact, he made an estimated $100 million over the last three years, beating the pay awarded to the investment bank’s CEO David Solomon of $77.5 million.
Now, the 47-year-old Emerson, who leads the investment bank’s commodities trading division, is stepping down from his role in March, according to an internal memo sent on Tuesday viewed by Fortune.