Goldman Sachs Partners Cash Million-Dollar Chips

by Derek Loosvelt | January 19, 2011

It's a good thing the goverment stepped in, bailed out the big banks, and made them rethink and then change the way they pay their employees, encouraging them to tie compensation to long-term performance and pay a higher percentage of compensation in stock. Otherwise, Goldman Sachs partners might now not be swimming in such a big ocean of money (though, to be sure, even without the stock options that GS partners will be exercising soon, they'd all still be paddlng in, at least, a Great Lake of green).

(NYT)

Filed Under: Finance


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