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Enterprise & Finance
14 November 2023, 6:10 pm 1 minute
Reuters solely reported that Goldman Sachs (GS.N) bosses are contemplating fatter bonuses to retain star merchants and dealmakers this 12 months because the financial institution appears to be like to win over some who have been dissatisfied by smaller funds in 2022.
Market Influence
Goldman executives are discussing sweeteners for standouts from the buying and selling and funding banking division, which accounts for about 68% of its income, three of the sources mentioned. The pay bumps might assist win over some staff who balked at smaller bonuses final 12 months that they blamed on losses from the retail operations. The agency’s allocation for bonuses fell by as a lot as 40% in 2022, in line with one other supply, after earnings slid 48%. That drop exceeded Wall Avenue’s common bonus decline of 26%.
Article Tags
Subjects of Curiosity: Enterprise & Finance
Sort: Reuters Finest
Sectors: Monetary Companies
Areas: Americas
Win Varieties: Exclusivity
Story Varieties: Unique / Scoop
Media Varieties: Textual content
Buyer Influence: Necessary Regional Story
