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Goldman Sachs bonuses

$12.1 Billion Bonus Pool: No Joke

You may have heard that after a highly profitable year, the CEO of Goldman Sachs will be rewarded with up to $70 million (salary, stock, and bonus). And what about the rest of the $12.1 billion dollar pot? Experts said,

With Goldman the envy of Wall Street as the only bank awarding any big bonuses, the formula of how the $12.1 billion pot of bonuses alone is distributed is based on two principles: favoritism and how much profit your department generated.

Ah, favoritism. Nice to see they're sticking to the facts. It just goes to show how much rapport and reputation are really worth! Maybe a little extra motivation to make more office friends and get along better with your boss this year?


Join The Conversation
sumnboutme sumnboutme 9 years
i agree...some of the richest people just know how to work the system and milk it for all its worth...capitalism at its best...
Calimie Calimie 9 years
That's a really big amount of money, I guess working there is like winning the lottery everyday. At least they're honest when they admit to favouritism. *rolls eyes*
looseseal looseseal 9 years
Plenty of people work hard their entire lives and even just ONE million dollars is an incredible number to them. This... really has nothing to do with "working hard". More like "working the system". I don't have anything against having money, against some people having more than others. I'm not a communist. Hee. But I do have something against this kind of blatant injustice. The rich gets richer and the poor can go screw themselves. Nice. {/sarcasm]
citizenkane citizenkane 9 years
What I'm saying is....I see pure greed with this. I agree with working hard to make more money, but I think it is OBSURD that someone makes that much $$$. Absolutely pointless.
jkat jkat 9 years
No one *needs* to make $70 million a year, but that is capitalism. If you want to make more money, then get the education and training for that job, work hard, and make yourself someone's favorite ;-). I for one cannot wait for the bonus annoucements to come out at my firm. Hopefully they will be good this year, since next year they will probably be lower due to the recession.
citizenkane citizenkane 9 years
Ummm....does anyone really need to make $70 million a year? Am I the only one that has a problem with this? Why not pay people more that really make a difference? Teachers, doctors, missionaries, social workers, etc. this is disgusting. I don't want to suck up to anyone that makes that much money.
Vanilla-Bean Vanilla-Bean 9 years
I could use a bonus. I agree the rich keep getting richer the poorer keep getting poorer.
bellanatella bellanatella 9 years
Lovely -_-
ilanac13 ilanac13 9 years
that's crazy - i remember when the bonuses went out last year for some of the financial companies and they were INSANE - at least someone's going to have a good new year!
hotstuff hotstuff 9 years
The rich get richer and poor get poorer!
longhorn_sugar longhorn_sugar 9 years
Lovely_1 Lovely_1 9 years
Everybody lvoes me, I'm so fly ;) Really though, the peopel I work with love to talk to me cuz I'm the youngest and they think I am so cute :P And at my other work I just goof off and party with the people there and it's a joy :)
SkinnyMarie SkinnyMarie 9 years
Hey if favoritism works, im all in. This is a two woman company over here. But in real life I think that is pretty crappy.
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