Truemors
is reporting from
Member
NP Rank:
NP Rank:
$521,000: The average pay of Goldman Sachs employees and that includes secretaries
Share:
by World_Groove | September 21, 2008 at 10:21 pm
748 views | 20 Recommendations | 8 comments
Just in case you thought you were paid enough for what you do......
They call it Goldmine Sachs. And well they might. Because the Wall Street giant has become the first major investment bank to see its average salary top half a million dollars.
The extraordinary figure is disclosed in the company's latest regulatory filings and comes as a record bonus season draws to a close on both sides of the Atlantic.
It is sure to be used to entice people to join the bank, which expects to boost its number of employees by up to 10 per cent in anticipation of another bumper year for trading and mergers and acquisitions activity.
Last year, Goldman Sachs paid out $11.7bn (£6.7bn) to its 22,425 employees - around 3,000 of whom are in London.
I'd be happy on 1/5th the average per year.
What is NowPublic?
NowPublic lets people work together to cover news events around the world.
Most RecentMost Recommended Comments (8)
at 22:37 on September 21st, 2008
World_Groove, I like this story. It's good stuff. No wonder these big institutions are very vulnerable in the recessionary time.
at 01:33 on September 22nd, 2008
World_Groove, I like this story. It's good stuff.
at 04:30 on September 22nd, 2008
World_Groove, I like this story. It's good stuff. Yeak, but to be fair, them Gold Ferraris dont come cheap.
at 05:31 on September 22nd, 2008
I would be surprised if the magnanimity of the salaries extended very far below the executive level. This is not a share the wealth outfit.
at 06:13 on September 22nd, 2008
Americans have to be the most foolish people ever created !!
at 06:22 on September 22nd, 2008
This article is from Feb 2006....anything more recent?
at 06:24 on September 22nd, 2008
If anything, the average will have gone up - as the cuts come from the bottom up.
at 08:46 on September 22nd, 2008
This was from a front page update on the BBC last night....