Posted on 11/28/2005 8:04:43 AM PST by SDGOP
Typically, Goldman Sachss announcement of its third-quarter results kicks the bonus season into high gear. Long revered for being where the serious money gets made, the firm has had a blowout year even by its own standards. Announcing a record profit in the third quarter, Goldman also noted that it had set aside $9.25 billion, almost $420,000 per employee, in compensation. When fourth-quarter results are factored in, that total could swell to an $11 billion pool, or $500,000 per employee.
(Excerpt) Read more at nymetro.com ...
OK by me.
I work in their building in downtown Manhattan. $500,000 per is the average with the lion's share going to traders and execs. However they all stand to do very well, given that my company doesn't give Christmas bonuses.
Sounds like they reward success. That's what's supposed to happen.
I just was trying to highlight the irony. Most libs i know accuse republicans of being greedy bastards yet most of them from the ivy leagues run off to work for i-banks, arguably the highest compensation of any job in the united states in which your not self employed.
There was a point i had thought about giving it a shot, but i don't like new york and don't hate my life enough to work 100+ hours a week.
Why these are obscene profits they must have participated in price gouging. I think a special $20 billion tax should be levied with the money going for alternative investment research that will benefit those members of our society with no money the most!
Yea while were at it we should tax trial lawyer's profits so we can provide legal services for the poor who have none.
Of course what the dem trial lawyers get into a hizzy about that.
That will only happen when the average citizen has to pump 30 gallons of investment banking into his tank every week.
When do the congressional hearings begin, with Goldman Sachs in to defend their profits????
Yea, we can start now since corzine wont be around to filibuster.
Hey. Shouldn't they be dragged before Congress to explain this profit? (/sarcasm)
Gotta love a place that let's you eat what you kill.
I think they should have to pay back the taxpayers of the US for the Mexico bailout on their behalf that was engineered by the Clinton Administration
Where is the Congressional Investigation into their high profits?
Mexico Bailout? WHat was that?
>>Goldman also noted that it had set aside $9.25 billion, almost $420,000 per employee, in compensation<<
...and Hillary 2008.
If I am not mistaken, 85 Broad St - where the Goldman HQ is located - has one of the most amount of contributions(in NYC) to Republicans in the 2004 election cycle - if not the most.
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