Bonus Watch '12: Goldman Sachs

Author:
Updated:: Jan 14, 2019
Original:: Jan 19, 2012

It could have been worse?

Front office down zero to 40%. No base reductions. I'm hearing FICC worse than Equities and IB.
Viniar-land (aka Finance) down zero to 30% Many junior people flat YoY on total comp.
I'm personally down 20% which was exactly the right level to piss me off but not enough to make me dive across the desk and beat my boss to death.

Bonuses paid in '08 that were of the look-but-don't-touch variety were turned into real live ones that you can buy things with last year. Two billion dollars worth of live ones.