Tuesday, July 14, 2009
GRAHAM BOWLEY, New York Times,
Submitted by: Editor
With Big Profit, Goldman Sees Big Payday Ahead
Even on Wall Street, the land of six- and seven-figure incomes, jaws dropped at the news on Tuesday: 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 posted the richest quarterly profit in its 140-year history and, to the envy of its rivals, announced that it had earmarked $11.4 billion so far this year to compensate its workers.
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Posted by Editor on 07/14/09 at 11:56 AM •