Jump to content
House Price Crash Forum
Realistbear

Golman Sachs Pay Out £9.6Bn In Bonuses As Profits Slide 50%

Recommended Posts

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8269192/Goldman-Sachs-fourth-quarter-profits-slide.html

Goldman Sachs fourth-quarter profits slide

Goldman Sachs saw profits tumble by more than half in the final three months of 2010, but the investment bank had a strong enough year to reward staff with $15.38bn (£9.6bn) in pay and bonuses.

"Performance bonuses"

:lol::lol::lol:

Brazen thieves

Share this post


Link to post
Share on other sites

http://www.bbc.co.uk/blogs/thereporters/robertpeston/2011/01/goldman_pay_and_bonuses_of_269.html

The story at Goldman Sachs is that net earnings have fallen by a considerable amount, 38%, to $8.4bn (£5.3bn), and net revenues have dropped by 13% to $39.2bn (24.5bn)

But "compensation and benefits" (largely pay and bonuses for staff) has been reduced just 5% to $15.4bn. The ratio of compensation to revenues has risen from 36% to 39%.

Which some will see as the bankers doing considerably better out of the firm than the owners.

That said, 39% of revenue is still lower than Goldman has often allocated to pay and bonuses in the past (which is what I'm sure they'll say when they ring me about this post - so perhaps I am saving Goldman the cost of a phone call).

Dave says bankstering is the future. We must move on.

Share this post


Link to post
Share on other sites

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8269192/Goldman-Sachs-fourth-quarter-profits-slide.html

Goldman Sachs fourth-quarter profits slide

Goldman Sachs saw profits tumble by more than half in the final three months of 2010, but the investment bank had a strong enough year to reward staff with $15.38bn (£9.6bn) in pay and bonuses.

"Performance bonuses"

:lol::lol::lol:

Brazen thieves

It's criminal that they are even still allowed to trade. This is the one company I wanted to see made bankrupt. They are convicted fraudsters. Blankfein is a very odd man who proclaims he's doing the work of God at GS! It's incredible that people even do business with them.

Fortunately the SEC banned them from trading Facebook shares in America but it doesn't stop them in Europe.

Share this post


Link to post
Share on other sites

Fortunately the SEC banned them from trading Facebook shares in America but it doesn't stop them in Europe.

when I heard that the first thing that came to my mind was....

[tin hat warning]

facebook is so amazingly, vastly overvalued that* this SEC directive is only to protect US investors....i.e. when it DOES go down it'll only take non US investors with it... (if that makes sense??)

*[GS not being allowed to trade in the US]

[/tin hat warning]

Share this post


Link to post
Share on other sites

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8269192/Goldman-Sachs-fourth-quarter-profits-slide.html

Goldman Sachs fourth-quarter profits slide

Goldman Sachs saw profits tumble by more than half in the final three months of 2010, but the investment bank had a strong enough year to reward staff with $15.38bn (£9.6bn) in pay and bonuses.

Brazen thieves

What's the bottom line for bonuses in relation to profits as a percentage? The news programs seem to be skirting the figure with this £267k per employee.

Their own "betting" is now making an increasing amount of their revenue.

While revenue from customer trading fell, the bank made more money from trading for its own account. Revenue from investing and lending activity rose 11 percent from the third quarter and accounted for 23 percent of overall net revenue

http://uk.finance.yahoo.com/news/Goldman-profit-slides-bond-reuters_molt-521192187.html?x=0

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.