FT: Goldman WRANGLES over whether to pay juniors higher salaries
"Some senior executives have argued that boosting salaries mid-year would set a "dangerous precedent" and mark a break with the bank's "pay for performance" mantra, according to people briefed on the discussions."
"We should not participate in this game of moving salaries up and down every few months," said one person involved in the discussions. "If you behave like that you simply end up with mercenaries. We pay at the end of the year for performance."
pour one out for GS13