Goldman Sachs CEO Lloyd Blankfein received a big cut in his pay package for 2011, according to regulatory documents filed on Friday.  His numbers for 2011 fell about 35% from those for 2010, but conceivably they could have been reduced by 46%, the amount that Goldman's publicly-traded shares fell in 2011. Mr. Blankfein's $12 pay package includes a base salary of $2 million, a cash bonus of $3 million and restricted stock valued at $7 million.  In 2010, Mr. Blankfein received nearly $19 million, which included a $5.4 million cash bonus and stock currently valued $7 million. Mr. Blankfein wasn’t the only Wall Street chief to get a pay cut. Morgan Stanley CEO James Gorman, took home $10.5 million in 2011 - down 25% from the previous year.  And, like most major Wall Street heads, Mr. Blankfein also collected stock last year for work in 2010.  Factoring that in, his total 2011 pay rises to $16.2 million, up from $14.1 million in the previous year. Other Executives 2011 Pay. Gary Cohn, David Viniar, Michael Evans, and John Weinberg each received awards of $11.9 million - down from the $18.6 million they each made in 2010.  In recent months, some corporate governance experts have suggested that Goldman Sachs split the role of chairman and chief executive. Splitting the Chairman and CEO Roles. It won't happen - at least at this point in time.  On Friday, Goldman directors addressed this issue for the first time, and their rationale for not doing so went like this: "A combined chairman and CEO structure provides our firm with a single leader who speaks with one voice to our shareholders, clients employees, regulators, other stakeholders and the public." At the firm’s upcoming annual meeting on May 24, shareholders will be asked to vote on 3 proposals, fewer than previous years. [Dealbook 4/13/12]