Huge profits put Goldman on track for pay bonanza
Goldman Sachs is set to unveil huge profits this week, putting the Wall Street bank on track to award as much as $22bn (£13.7bn) in pay and bonuses at the end of the year.
By Louise Armitstead and James Quinn
Published: 9:50PM BST 10 Oct 2009
The profits, which could be as much as three times the level of last year, are the result of better business conditions but the size of the rewards – from which top bankers could receive multi-million pound packages – will set Goldman on a collision course with governments on both sides of the Atlantic.
