Salaries Heat Up At JPMorgan; Goldman Sachs Still Doing the
Meanwhile, downtown, competitor Goldman Sachs’s CEO Saint Lloyd Blankfein says it’s business as usual, telling the U.K.’s Times Online that he’s been plugging away, spreading the love, booking billions of dollars “doing God’s work.”
Bless you, Lloyd.
A sign that the recession has turned the corner (or, at least, that a big investment bank run by Jamie Dimon is back in the black and the rest of us may still be eating dust), JPMorgan Chase has lifted the salary freeze that it locked in place last year. In addition, the bank will again be matching 401(k) contributions.