Category: Wall Street

Bonus Sinks to $7 Million

The chief executive officer of Goldman Sachs, the too-big-to-fail bank in the middle of the 2008 world financial crises, saw his stock bonus cut to $7 million in 2011, down from $12.6 million the year before. The investment bank saw…

Schwarzman Keeps Personal Fortune Secret

Called by The Wall Street Journal “one of Wall Street’s most prominent dealmakers,” Steven Schwarzman is worth about $4.7 billion according to Forbes, which ranks him as the 66th richest American. Despite national publications which already write about his vast…

Goldman Execs $10 Million Payday Falls

Jan. 12, 2012 – Two of the top executives of now-iconic bank Goldman Sachs left in what was called “shocking,” “highly unusual” and part of a “surprising shake-up,” by Liz Rappaport writing in the Wall Street Journal. David B. Heller…

Wall Street Bonuses May Drop 30%

Nov. 28, 2011 – According to two compensation surveys, bonuses at “big Wall Street firms could see annual compensation sink” from 27% to 40% less than the previous year, report Brett Philbin and Melissa Korn. “An investment-grade bond trader who…