Goldman quarterly pay bill falls 16% to $135k average

Goldman Sachs set aside $4.4 billion to pay its employees in the first quarter, 16 per cent less than the same period last year.

17th April, 2012
Goldman quarterly pay bill falls 16% to $135k average
The headquarters of Goldman Sachs in New York.

Goldman Sachs set aside $4.4 billion to pay its employees in the first quarter, 16 per cent less than the same period last year.

Although revenue fell and the company cut jobs, the amount is enough to give each of the firm’s 32,400 employees $135,123 in the three month period, figures reported by Bloomberg showed. That covers salaries, benefits and accruals for year-end bonuses.

In the first quarter of 2012, the New York-based bank set aside $5.23...

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