Goldman plays defense on those other, risk-free bonuses
It’s the fourth quarter, and Goldman, the leader in just about everything, is playing defense — in the media and with its shareholders who you think would be happy that the stock has virtually doubled in the past year.
Not the case.
FT Alphaville reports that Goldman has been defending the $16.7 billion bonus pool to shareholders with a 14-slide PowerPoint presentation.
Further, Goldman today announced that the top 30 execs, wouldn’t get to touch the cash. Rather, they will be paid in restricted stock — shares at risk in their fancy parlance (as explained in my previous post).
FT Alphaville kindly selected the best slides to publish from the PowerPoint presentation. In essence, the slides reveal that Goldman Sachs is more profitable than anyone or anything else on this planet. QED, mega-bonuses. How they got so profitable, they don’t fully explain.
Enjoy the three charts (click to enlarge):
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