Goldman to pay record bonuses


	Goldman to pay record bonuses

mmarcus

6-23-2009 12:24 PM

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tags:

bonus, goldman sachs, tarp

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/2fdcf462-0ad3-464c-96f5-f54490e9b550/12CE41C5-1EB9-4457-A7A3-7D53479F9D41/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.forbes.com/2009/06/22/goldman-sachs-walgreen-personal-finance-investing-ideas-dividend-yield.html" href="http://www.forbes.com/2009/06/22/goldman-sachs-walgreen-personal-finance-investing-ideas-dividend-yield.html" style="font-size: 11px;">www.forbes.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.forbes.com/2009/06/22/goldman-sachs-walgreen-personal-finance-investing-ideas-dividend-yield.html"><STRONG>Goldman Sachs on Track To Pay Record Bonuses This Year</STRONG></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.forbes.com/2009/06/22/goldman-sachs-walgreen-personal-finance-investing-ideas-dividend-yield.html">investment banking giant <SPAN class="tickerlinx"><A href="http://finapps.forbes.com/finapps/jsp/finance/compinfo/CIAtAGlance.jsp?tkr=GS"><B>Goldman Sachs</B></A></SPAN>
	(
      <A href="http://finapps.forbes.com/finapps/jsp/finance/compinfo/CIAtAGlance.jsp?tkr=GS">GS</A> -
	<A href="http://search.forbes.com/search/CompanyNewsSearch?ticker=GS">
       news
    </A> -
    <A href="http://people.forbes.com/search?ticker=GS">
       people
    </A>) is on track to pay record bonuses to its executives this year, after a very healthy first half.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.forbes.com/2009/06/22/goldman-sachs-walgreen-personal-finance-investing-ideas-dividend-yield.html">Goldman's London staff were told that if this year is the most profitable in the company's history, they would be rewarded with sizable bonus increases.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.forbes.com/2009/06/22/goldman-sachs-walgreen-personal-finance-investing-ideas-dividend-yield.html"><P>Citing Goldman insiders, the article attributed Goldman's success so far this year to less competition, as well as higher revenue from currency trading, bonds and fixed-income products.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.forbes.com/2009/06/22/goldman-sachs-walgreen-personal-finance-investing-ideas-dividend-yield.html">The same companies who required federal loans to stay afloat were often reported as paying multimillion-dollar bonuses, which has drawn the ire of both taxpayers and the Obama administration.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.forbes.com/2009/06/22/goldman-sachs-walgreen-personal-finance-investing-ideas-dividend-yield.html"><P>Goldman received $10 billion from the federal TARP program last year, which it repaid to the federal government last week.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/12CE41C5-1EB9-4457-A7A3-7D53479F9D41/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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