Partners at GS ... FT online article says are getting chopped 20% in pay or more in 2010 -- True? What does this mean for rest
Can someone comment on this?
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Considering they were capped at 1million GBP last year, and several left as a result, that is definitely not true. There's another article in the FT commenting that GS just handed a bunch of restricted stock to their London partners to make up for not paying them last year.
There is another post somewhere on WSO, and even a video, talking about 80% reduction in pay for certain trading groups. Would love to see the look on their faces when that happens. **)
This is the post
http://www.wallstreetoasis.com/forums/goldman-sachs-lite-now-with-80-le…
I doubt this is true, but go on believing it.
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