As if to put the icing on the cake, the investment bank Goldman Sachs is set to shell out another $5 billion in bonuses to employees.
What’s more, the bonuses are expected to cover the employees’ work for just the first three months of the year, according to the UK Sunday Times.
According to the report, bankers will receive remuneration of about $170,000 per person for the firm’s 32,500 employees. Some traders are set to receive millions.
Earlier this year, Goldman’s “junior” bankers were told they’d begin receiving salaries that were double their previous takes.
“It’s made me rethink everything,” a Goldman Sachs employee, “sipping champagne,” told the site. “I like the new structure even better. My monthly take home just went way up.”
I’m to the point now that every time I think of Goldman Sachs employees, I think of the dinner scenes at restaurants in the Sopranos or Goodfellas.