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Posted Tuesday, July 14, 2009 12:52 PM

Datapoint of the Day: Goldman's Gold

Barrett Sheridan

Goldman Sachs announced its second-quarter results today, and they were impressive. Here's a bit of fun math to illustrate just how impressive: GS set aside $6.6 billion this quarter to pay employee bonuses at the end of year. GS has 29,400 employees. That works out to an average bonus of $224,000 per employee -- for the second quarter alone. Annualized, that works out to a yearly bonus just shy of $900,000. Not bad for a year in which the rest of the world is debating whether we're in the early stages of a new Great Depression or just a very severe recession.

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Member Comments

Posted By: memo2 (July 15, 2009 at 10:30 AM)

Recession it's over, we just approach a very severe Recession Thanks Mr: Ben Bernanke and Timoty Geithner !...


Posted By: memo2 (July 15, 2009 at 10:23 AM)

No problem just call to Mr:Buffet he will lead this people for investments ....


Posted By: Tan Boon Tee (July 15, 2009 at 1:30 AM)

This truly golden Goldman Sachs!

With some $10 billion bailout months ago, the bank had all the money to make more money. Moreover, with shares moving up, more profits would be in line.

Some people are already thinking what to do with the huge bonuses.

(btt1943)