Bank on Banking » wall street http://www.bankonbanking.com Ins & Outs...Tips & Tricks...Strategy - Break into Investment Banking and Thrive Sat, 13 Aug 2011 03:28:07 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 In the News: Wow…Now That’s Compensation! http://www.bankonbanking.com/2009/07/14/in-the-news-wow%e2%80%a6now-that%e2%80%99s-compensation/ http://www.bankonbanking.com/2009/07/14/in-the-news-wow%e2%80%a6now-that%e2%80%99s-compensation/#comments Wed, 15 Jul 2009 02:09:40 +0000 IBanker http://www.bankonbanking.com/?p=499 business-man-throws-moneyAfter reporting a chart-topping and record-breaking quarter, Goldman Sachs is rumored to be leaning towards paying their biggest bonuses ever. Of course it is still early over at the sunny corner of town (Goldman HQ, of course), but assuming Q3 and Q4 follow suit, or at least hold their own and don’t completely fall apart, Goldmanites should enjoy bonuses hearty enough for two. Historically, Goldman has paid less out than the rest of the Street (on a bonus to revenue ratio basis, obviously not on a whole dollar basis) – probably since Goldman earned so much more, and the Street wanted to try to keep up with incentives – however, all of that is about to change as the whispers have foretold of Goldman’s plan to kick up the % from 43% or so, to 49% (in line with the Street). This 49% could mean that Goldman will pay bonuses totaling over $20 billion to a workforce that has been reduced by an overall 1% since last year (again, we’re only half way through the reporting year so things can change – but damn that is some sweet action).

http://www.businessinsider.com/goldman-is-paying-itself-even-more-than-2007-record-bonuses-2009-7

Goldman Riding High…

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