Goldman Sachs to pay each of its 31,700 employees close to $700,000 this year.

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Submitted by Sandiagon on October 16, 2009 - 2:47pm

In the last nine months, the bank set aside about $16.7 billion for compensation — on track to pay each of its 31,700 employees close to $700,000 this year. Top producers are expecting multimillion-dollar paydays.

http://finance.yahoo.com/career-work/art...

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yes but dont forget about all
Submitted by sdrealtor on October 16, 2009 - 2:51pm.

yes but dont forget about all the unemployment

Oct. 16 (Bloomberg) -- The
Submitted by Arraya on October 16, 2009 - 7:52pm.

Oct. 16 (Bloomberg) -- The U.S. Securities and Exchange Commission named Adam Storch, a 29-year-old from Goldman Sachs Group Inc.’s business intelligence unit, as the enforcement division’s first chief operating officer.

Good thing they put a Goldman boy into investigate fraud. You know he'll clean up Wall Street.

They gotta attract all that
Submitted by afx114 on October 17, 2009 - 8:44pm.

They gotta attract all that top talent somehow, right?

I'm not sure how the math was
Submitted by bobby on October 18, 2009 - 8:15pm.

I'm not sure how the math was done but $16.7billion divided by 31700 is around $527,000. I'm not sure where the rounding was done to get $700,000.

but I say good for the employees as long as they're making profit for the investors.

bobby wrote:I'm not sure how
Submitted by Arraya on October 18, 2009 - 9:01pm.

bobby wrote:
I'm not sure how the math was done but $16.7billion divided by 31700 is around $527,000. I'm not sure where the rounding was done to get $700,000.

but I say good for the employees as long as they're making profit for the investors.

Obviously, you missed this one.

http://piggington.com/goldman_sachs039_b...