Goldman Sachs warns traders of shrinking reward pool as Wall Road hunkers down

Goldman Sachs warns traders of shrinking reward pool as Wall Road hunkers down


Essential Details
  • Goldman Sachs traders and salespeople will have to contend with a bonus pool that’s at the very least 10% scaled-down than past calendar year, despite making much more income this 12 months, according to persons with information of the predicament.
  • Goldman started informing executives in its marketplaces division this week to count on a more compact bonus pool for 2022, according to the folks, who declined to be identified talking about payment matters.
  • “We always inform men and women their bonus is primarily based on how they did, how their team did, and last but not least how the organization did,” said a man or woman with awareness of the firm’s processes.



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