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I-bankers needn’t worry about inflation this Christmas season.

Goldman Sachs Group Inc. may boost its bonus pool for investment banking by about 50%, and JPMorgan Chase & Co. may reach for a 40% increase, according to people with knowledge of their initial deliberations. The business, which covers merger-and-acquisition advisory as well as underwriting groups, is poised for the biggest windfalls after recent meetings to set pay for the year, the people said, asking not to be named discussing internal talks….

“You are paying for retention and not just paying for performance,” said Eric Dobkin, the veteran banker who spent almost half a century at Goldman Sachs before retiring in 2016. “This year, the firms may well have to overpay to keep the people they most want.”

Jeez, Eric, don’t tell the old-timers at Goldman that. You’ll ruin it for everyone.

Goldman Sachs and JPMorgan Plan Bumper Bonuses to Get Edge [Bloomberg]


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Bonus Watch: JPMorgan Chase CEOs

Jamie Dimon’s one-time-only special retention bonus will definitely not happen again.


Compensation Watch ’21: Goldman Sachs First Years

Goldman has done very well. Goldman’s kiddies? Maybe less so.


Bonus Watch ’21: Up-And-Coming Local D.J.s

David Solomon better hope Lollapalooza pays well if Glass Lewis gets its way.


Compensation Watch ’21: Goldman Sachs Junior Mistmakers

Alright you ungrateful little turds here’s your f**king snowflake raise.


Bonus Watch ’20: Your Bonus Is No Torches And Pitchforks At Your Front Door

BriMoy & co. are gonna hold on to what’s rightfully yours for your own good.

david solomon

Bonus Watch ’22: Goldman Sachs Traders

David Solomon doesn’t care how much you’ve made for the firm.

By World Economic Forum (Flickr: The Global Financial Context: James Dimon) [CC BY-SA 2.0], via Wikimedia Commons

Pessimism Pays

Jamie Dimon & co.’s concerns are vindicated in the leveraged loan arena.