Wednesday, October 14, 2009

That's the record amount Goldman Sachs staff will get in pay and bonuses

City bank Goldman Sachs is expected to confirm tomorrow that bonuses will smash all records in 2009, just a year after the Government rescued the financial system from oblivion.

The Wall Street giant is on course to lavish £14billion on pay and bonuses on staff this year following a surge in profits between July and September, experts said.

Goldman's 5,500 UK workers are now set to pocket an average of almost £500,000 each for this year - the highest rewards in the firm's 140-year history.

Michael Sherwood


High-flyers, such as UK boss Michael Sherwood, could earn bonuses stretching into eight figures.

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