February 22, 2007
Big Bonuses at Goldman Sachs
Goldman Sachs led investment banks in 2006 in profits and bonuses. With $9.6 billion in profits, it could afford to pay a $53.4 million bonus to its CEO, bonuses of $52.3 million to each of its two Co-Presidents, and a $31.5 million bonus to its Vice Chair. See NYTimes, Even for Rungs Below the Top, Goldman Bonuses Were Hefty and WSJ, At Goldman, Two More Officials Revealed as $50 Million Men.
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