"Bank plans $15.38bn (£9.6bn) staff reward despite profits in the fourth quarter tumbling by more than half from $4.95bn to $2.39bn.
The best-known bank on Wall Street saw profits for 2010 decline to $8.4bn from $13.4bn in 2009"
Source: Goldman Sachs fourth-quarter profits slide - Telegraph
Just wot the fook is going on here - bank pays out double actual profits? The stuff they pay out is real cash, but who can say that those profits booked were not just accounting adjustments on tulip assets they bought?!?!
Simple way to deal with bank or any other bonuses - they should not be more than 10% than dividends paid to shareholders.
The best-known bank on Wall Street saw profits for 2010 decline to $8.4bn from $13.4bn in 2009"
Source: Goldman Sachs fourth-quarter profits slide - Telegraph
Just wot the fook is going on here - bank pays out double actual profits? The stuff they pay out is real cash, but who can say that those profits booked were not just accounting adjustments on tulip assets they bought?!?!
Simple way to deal with bank or any other bonuses - they should not be more than 10% than dividends paid to shareholders.
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