$16.5 Billion. That's with a B as in booyah!
December 20, 2006 12:19 PM Subscribe
It's Wall Street bonus season. And, as Henry Blodget writes, the folks who have "the good fortune of working in a hot industry in a favorable market environment" are doing extremely well this year. Notably, Goldman Sachs is breaking records with a $16.5 billion bonus pool. That is roughly $622,000 per employee but some employees do better than others: "[Goldman CEO] Lloyd Blankfein, for one, will probably earn a measly $50 million (loser), whereas Morgan Sze (big man on campus), head of GS's principal strategies group in Hong Kong will go home with a check around twice that." Anyway, whether you're a $120K secretary or a $100M trader, author Michael Lewis has some some tongue-in-cheek advice for dealing with poorer relations.
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