Goldman Bonus Pool Halved?!?
I heard that Goldman has halved its bonus pool from 20 billion (expected) to something more like 10 billion! Can someone confirm this?
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source? where did you hear that, friendster?
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Heard that a significant portion of the reduction was due to caps placed on UK bonuses.
Any truth to that? Seems reasonable.
Fourth Quarter Earnings Per Common Share Were $8.20 Compensation and Benefits Down by $4 Billion or 20% from 2007 Lowest Ever Annual Compensation Ratio
The firm’s 35.8% ratio of compensation and benefits to net revenues was its lowest as a public company. While net revenues in 2009 were only 2% lower than the firm’s record net revenues in 2007, total compensation and benefits was 20% lower, representing a reduction of $4 billion.
There's something known as a Goldman discount due to its high brand name.
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