Investing
Goldman Sachs (GS) Bonus Payout Will Be $19 Billion
Published:
Last Updated:
Pressure from the federal government and taxpayers did nothing to bend the will of Goldman Sachs (NYSE:GS) It will pay out $19 billion in bonuses to its employments which means that executives and senior bankers will make tens of millions of dollars each.
According to the Observer, the firm’s net income will be $45 billion for the firm’s fiscal 2009 which ended on November 30.
The paper reports that “Goldman’s three leading executives, chairman Lloyd Blankfein, president Gary Cohn and chief financial officer David Viniar, will receive multi-million dollar payouts after forgoing their bonuses last year when the bank made a loss in the fourth quarter.”
The battle with officials in London and Washington is not over. When the Goldman numbers are final there will almost certainly be an attempt to tax the money or at the very least cap it next year.
Douglas A. McIntyre
Smart Investors Are Quietly Loading Up on These “Dividend Legends” (Sponsored)
If you want your portfolio to pay you cash like clockwork, it’s time to stop blindly following conventional wisdom like relying on Dividend Aristocrats. There’s a better option, and we want to show you. We’re offering a brand-new report on 2 stocks we believe offer the rare combination of a high dividend yield and significant stock appreciation upside. If you’re tired of feeling one step behind in this market, this free report is a must-read for you.
Click here to download your FREE copy of “2 Dividend Legends to Hold Forever” and start improving your portfolio today.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
