Strategy
More Bonuses In Shares At Goldman – Report
Senior staff at Goldman Sachs may get all their bonuses in shares this year, the Financial Times reported.Chief executive Lloyd Blankfein is also pondering plans to increase the proportion paid in equity across the board.
The firm’s bounce back is seen as likely to restore the pay of many of its bankers and traders to pre-crisis levels. Details will not be known until the new year.
Goldman’s rapid recovery this year is expected to restore the pay of many of its bankers to pre-crisis levels. The US firm operates a substantial wealth management business. The FT report did not specify which parts of Goldman's operations will be affected by bonus change. The firm is typically reluctant to discuss its wealth management activities with the media.