Goldman Sachs cracks(ft.com)
ft.com
Goldman Sachs cracks
http://www.ft.com/cms/s/2/a04cde20-cb82-11dd-ba02-000077b07658.html
7 comments
Don't worry, TARP funds will ensure their executives all receive bonuses this year.
Bonuses are down 70% and top executives have given up theirs.
Maybe they just will receive the money anyway. They just won't call it a "bonus".
I don't know about Goldman, but Morgan Stanley is reducing total comp (base+bonus) by 10-30% for the people who still have a job.
Everytime I see ft.com I think of momentum
"Analysts wonder why Mr. Paulson hasn’t hired more individuals from other banks to limit the appearance that the Treasury Department has become a de facto Goldman division."
http://www.nytimes.com/2008/10/19/business/19gold.html