Tuesday, July 14, 2009
New York Times
New York Times
Sizing Up Goldman’s Bonus Pool
Profits at Goldman Sachs have made a roaring comeback — and so has its legendarily huge bonus pool.
In reporting its much better-than-expected quarterly earnings on Tuesday, Goldman also announced that it has set aside the tidy sum of $11.36 billion for employee compensation and benefits through the first half of 2009. That figure includes salaries as well as the firm’s annual bonuses, which are often the envy of Wall Street.
Tuesday’s number works out to about $386,429, on average, for each of the roughly 29,400 employees, consultants and temps on Goldman’s payroll as of June 26. Of course, some workers will get less and some will get much, much more.
Posted by Editor on 07/14/09 at 06:53 AM •
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