Bonus Watch '09: Goldman Sachs

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Well, this is upsetting. We're now getting word that the annual ritual of Goldman employees stripping down naked and rolling around in the cash-money portion of their bonuses will not be going down as planned this year, at least for top brass, who really deserve it. CNBC reports that the 30-person Goldman Sachs Management Committee (which includes Blankfein, Gary Cohn, David Viniar) will be receiving no cash for 2009. Instead, they'll get what's been dubbed "shares at risk," which can't be sold for five years, and include clawback provisions as well, in case anyone tries to be a hero.

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