If you believe Pali Capital, Goldman may not have the balls to pay its people so they can make it rain with $100s, not $50s. As part of the firm's rationale behind its GS upgrade from 'neutral' to 'buy', Pali said there may be a fourth quarter fade in cash earmarked for bonus day.
In their report, Pali's analysts predicted that Goldman might choose to set aside 40 to 50 percent less cash in the fourth quarter for employees as a result of what they described as compensation "complaining" and political pressure surrounding this hot-button issue.
We're not sure if Pali was serious about this or is baiting Goldman to prove them wrong and guarantee a New Year's Day cage match between Lloyd & Mad Max.
Analysts See Upside in Lower Goldman Bonuses [Dealbook]