Bonuses Put Goldman in Public Relations Bind

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Bonuses Put Goldman in Public Relations Bind

Started by Julie Marie, October 16, 2009, 03:57:45 PM

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Julie Marie

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Bonuses Put Goldman in Public Relations Bind

October 16, 2009, 03:57:45 PM

For Goldman employees, it is almost as if the financial crisis never happened. Only months after paying back billions of taxpayer dollars, Goldman Sachs is on pace to pay annual bonuses that will rival the record payouts that it made in 2007, at the height of the bubble. In the last nine months, the bank set aside about $16.7 billion for compensation — on track to pay each of its 31,700 employees close to $700,000 this year. Top producers are expecting multimillion-dollar paydays.

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When you judge others, you do not define them, you define yourself.

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