Tuesday, April 16, 2013

Cash bonanza anticipated for Goldmans workers as firm sets aside £2.75bn pay and bonus pot

Bankers at Goldman Sachs - including its 6,000 London staff - are in line for another bumper year as results this week are forecast to show average pay packets of £85,000 for the first quarter alone.

The figures from the high-paying investment bank are expected to show that it has set aside about $4.2billion (£2.75billion) to cover salaries, bonuses and other benefits for staff for the period.
Payday winners: High-paying Goldman Sachs has set aside £2.75bn for pay and bonuses.
Payday winners: High-paying Goldman Sachs has set aside £2.75bn for pay and bonuses.
The sum amounts to about £85,000 for each of its 32,500 staff, though that figure includes secretaries and other lower-paid employees.
 

The figure is about the same as last year, despite a slight dip in revenues and profits this year.

The bonus element in the package will not be paid until after the year-end, when performance in all four quarters is combined.

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