Many junior bankers — who last year raked in bonuses well into the six figures — learned Wednesday they would receive just $10,000 or $15,000 despite putting in countless 100-hour weeks…
Those who survived the culling won’t see the cash hit their bank accounts until next week. After that, some Goldman insiders expect to see aThe reactions to the paltry bonuses ranged from anger at getting very little reward for hours of stress and exhaustion, to disappointment and even anxiety about making mortgage payments, employees told The Post.AFP via Getty Images
“While compensation expenses were down 15% for the year… We always strive to maintain a pay-for-performance culture,” chief executive David Solomon said on Tuesday’s call. “With revenues down, compensation was lower. That said, we also recognize that we operate in a talent-driven business, and we must continue to invest in our people whose dedication is critical to our world-class franchise.
While employees will have a sense of whether it’s going to be a good year or not when it comes to bonuses, banks often keep people guessing right up until the big reveal.
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