The Traderszone Network

Published in TZ Latest News 16 October, 2014 by The TZ Newswire Staff

Goldman curbs bankers’ compensation even as revenue surges

Top Goldman Sachs Group Inc (GS.N) executives are determined to keep compensation costs under control. On Thursday, Goldman reported a 25 percent increase in quarterly revenue, but the money it set aside for compensation and benefits rose only 18 percent from the same period a year earlier. The amount of money it has set aside for compensation is more or less unchanged, as is the average compensation per employee, at around $320,000 for the first nine months of the year.

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