Read an interesting article about becoming a Partner at Goldman Sachs Investment Banks.
Payscales of CEOs and employees is just unbelievable...
Had to do something to show something is being done to the public during the GFC.
And we back this year...and I am sure it's going to keep increasing from here on. $600billion QE2 from Bernanke has to go somewhere I suppose..
And we make a big fuss about our bank CEO's pays.
Read full article here
All these partners are paid so much money so they can think of where and how to create the next bubble and then once created pull all the money out and short the market and make more money!!!
Cheers,
Oracle.
Partners, who get a $600,000 salary, share in a special compensation pool and typically receive most of their yearend bonuses in restricted stock.
Payscales of CEOs and employees is just unbelievable...
Goldman Sachs set a Wall Street pay record in 2007 when it doled out more than $20 billion, or 44 percent of revenue, to 30,522 employees at the time. Chairman and Chief Executive Officer Lloyd Blankfein, 56, was awarded a $67.9 million bonus that year, the highest ever for a securities industry CEO.
Last year the firm slashed the ratio of revenue paid to employees to 36 percent, the lowest since the firm went public.
Had to do something to show something is being done to the public during the GFC.
This year Goldman Sachs has set aside 43 percent of revenue to pay employees, or 45 percent when the cost of a U.K. tax on bonuses is included.
And we back this year...and I am sure it's going to keep increasing from here on. $600billion QE2 from Bernanke has to go somewhere I suppose..
And we make a big fuss about our bank CEO's pays.
Read full article here
All these partners are paid so much money so they can think of where and how to create the next bubble and then once created pull all the money out and short the market and make more money!!!
Cheers,
Oracle.