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Goldman indicates it will pay biggest bonuses ever in 2009
22 June 2009By Sarah Butcher
COMMENTS
In deine face my DB friends.. Read all comments »Following closely behind last week’s suggestion that $10m bonuses are going to resurface soon, is the claim, in yesterday’s Observer, that Goldman Sachs has primed its employees to expect the largest bonuses in the firm’s history this year.
The paper cites ‘insiders,’ who say the firm has benefited from a lack of competition and soaring FICC revenues. Staff were apparently briefed on the good news last week.
If the success of the first quarter continues for the next three, the average Goldman man/woman can expect to earn $675k in 2009.
Average comp per head, Goldman Sachs, 2006-2009e
COMMENTS
Omar, Debt / Fixed Income, Mon 22 Jun 09
First we win the cricket world cup, now I win joining the world's best bank!! So, so grateful.
Add your comment »fromthefloor, Debt / Fixed Income, Mon 22 Jun 09
What a coincidence that we also read about a hiring uptick for the first time since whenver. Betting on super-duper 2009 bonuses is a free option for the bank...
Add your comment »Concerned for Henry, Information Technology, Mon 22 Jun 09
Wait for news of this to really trickle down to Joe public....I wouldn't want to be on Fleet St when they find out.
Add your comment »Funny, Derivatives, Wed 24 Jun 09
'Wait for news of this to really trickle down to Joe public....I wouldn't want to be on Fleet St when they find out'
Oh I dont know, could be funny if a mob caught up with Henry.
Anonymous, Thu 25 Jun 09
One has to wonder why anyone would shout how much they earn to the whole world. If you are worth it Henry, then you are paid what you worth and you should be happy that your efforts are being recognized and your performance rewarded. Why then is there this insecurity that propels you to brag about it? What are you trying to make up for? Many people in the financial industry earn a significant amount of money and are discreet about it. I suspect that you will have some very important lessons to learn in the future when you realize that your life amounts to nothing more than a swelled bank balance.
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