After all that federal aid, a resurgent Goldman Sachs is on course to dole out bonuses that could rival the record paydays of the heady bull-market years. Goldman… announced that it had earmarked $11.4 billion last year to compensate its workers. At that rate, Goldman employees have, on average, earn roughly $770,000 each this year. The New Yorker commented on this and called it the Goldman Sachs Internal Memorandum NO 8121b. Click on the link below for the memorandum. Note EU-Digest: We are in 2010 now and so far not much has changed...ISSN-1554-7949: News links about and related to Europe - updated daily "The health of a democratic society may be measured by the quality of functions performed by its private citizens" - Alexis de Tocqueville
2/15/10
The Goldman Sachs Internal Memo - by Farley Katz
After all that federal aid, a resurgent Goldman Sachs is on course to dole out bonuses that could rival the record paydays of the heady bull-market years. Goldman… announced that it had earmarked $11.4 billion last year to compensate its workers. At that rate, Goldman employees have, on average, earn roughly $770,000 each this year. The New Yorker commented on this and called it the Goldman Sachs Internal Memorandum NO 8121b. Click on the link below for the memorandum. Note EU-Digest: We are in 2010 now and so far not much has changed...
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