The Very Rich get Richer…
(December 15th, 2006 under Announcements)
Goldman Sachs Group reported earnings of $9.34 billion for this year. The company also announced that it would allot $16.5 billion for salaries, bonuses and benefits for their employees. That amount averages out to 622,000 for each employee.
"The bonuses at Goldman, the leading merger advisor in the industry, and elsewhere on Wall Street are expected to give the New York area's economy a substantial boost, particularly in sales of high-end residential real estate, luxury cars and other pricey goods. "When these guys learn what their bonuses are, we are among the first people they call," said Pamela Liebman, the chief executive of the Corcoran Group, a residential brokerage. "They call their mothers, and then their real estate brokers."
The full article will be available on the Web for a limited time:
http://www.nytimes.com/2006/12/12/business/12cnd-earn.html?em&ex=1166072400&en=a49bfd2bdacca9ba&ei=5087%0A
Pam
This entry was posted
on Friday, December 15th, 2006 at 5:54 pm and is filed under Announcements.