Goldman Sachs broke Wall Street records on Tuesday by reporting net profits 50 per cent ahead of analysts' forecasts at $2.48bn for its first quarter. The results mean the investment bank made $400,000 for each of its 23,600 employees on an annualised basis, while estimated annual pay and benefits were almost $900,000 on average.
Getting paid to lie, cheat, make "unbiased" poor stock recommendations, cold calls and so on... You wanna get paid for that?
Oh yeah? Underwriting securities, M&A, and selling funds. Not to mention lying cheating and so on. "If you want a friend on Wall St, get a dog" Nah... I'm not going to join that gang
I love it when Smart Money takes away from Dumb Money. May GS have continued profitability and rapid growth rates.