Goldman Sachs pay and bonus pool hits $13bn

[AtW]

Quote: "The American investment bank said it had reserved $3.83bn for compensation in the third quarter which, or 43pc of its revenues."

Source: Goldman Sachs pay and bonus pool hits $13bn - Telegraph

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WTF? 43% of all revenues are paid out as bonuses?!??! How much shareholders - owners of the bank are getting, 5-10% of revenues via dividends? Check this out - Goldman Sachs Group, Inc. (The) Share Price | GS - Yahoo! Finance UK

"Div & Yield: 1.40 (0.91%)" - so they take 43% of REVENUES are bonuses and pay out 0.91% yield

Is there any other industry where people who run the company (not owners) take out so much in payment to themselves?!?!?

[CheeseSlice]

But if you threaten to reduce their bonuses, the unions will only strike back

[gingerjedi]

I think this is what Mich was on about earlier, financial institutions are taking the piss because they know governments are too scared to rein them in.

[Zippy]

Probablythe first and last time you will hear this but - words fail me.

[AtW]

It's not the total amount that's staggering, but %-tage of REVENUES - 43% paid to staff AS A BONUS (there are also fat salaries there!!!), it's crazy that shareholders allow such tulip to happen.

[SupremeSpod]

Surely by revenue they mean "their profit".

[GreenLabel]

WTF? 43% of all revenues are paid out as bonuses?!??!

No. The section you've quoted clearly says compensation, not bonuses. Even the article headline itself says "pay and bonuses".

It's a total compensation pool, not just a bonus pool.

[sasguru]

What is it to you lot what a private company does?
Jealous fookers. Who said the world was fair?
Get some of the moolah if you think you can otherwise shut the fook up.

HTH.

[alreadypacked]

They make their money by investing for clients. Their clients are pension fund managers, who are investing your pensions, so it's your money they are ripping off. You will see how much they have ripped you off when you get less from your pension than you paid in

I should state I don't have a pension

[AtW]

What is it to you lot what a private company does?

GS is a publicly traded company - owned by shareholders, not staff who seems to help itself to the money at the expense of shareholders.

$13 bln is enough to pay for those aircraft carriers with proper kit, all in one year - that's just from one bank.