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Ladywriter

Goldman Sachs Nine-Month Compensation Totals $527,192 a Person

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Bloomberg

Oct. 15 (Bloomberg) -- Goldman Sachs Group Inc. set aside $16.7 billion for compensation and benefits in the first nine months of 2009, up 46 percent from a year earlier and enough to pay each worker $527,192 for the period.

Revenue jumped 49 percent to $35.6 billion this year through September and the New York-based firm set aside 47 percent to cover its largest expense, compensation and benefits, Goldman Sachs said today as it released third-quarter earnings results. The amount set aside this year is just shy of the all- time high $16.9 billion allocated in the first three quarters of 2007.

Why do ppl still do business w GS? the only way to stick it to these guys is to stop giving them our money >.<


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                                               Look at the flowers

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