Goldman Sachs’ 1MDB problems are eating into employee morale, and insiders worry the firm will use its legal woes as an excuse to scrimp on bonuses
|01/09/2019||Posted by BusinessMediaguide.Com under General World News||
- Employees at Goldman Sachs are worried that potential fines from the 1MDB scandal will eat into bonuses, a big part of trader compensation.
- “They’ll find any excuse to cut comp,” said one trader in equities. Employees learn about their annual pay numbers next week.
- But one analyst says the lower share price might actually help bonuses: “We’ll just get more shares in terms of compensation at the end of the year.”
Goldman Sachs traders are wringing their hands ahead of this year’s bonus season, one of the most emotional times on Wall Street.
The sudden prospect of billions of dollars in potential read more >>>