“When news of Solomon’s bonus was released, a lot of folks here just rolled their eyes,” one equities trader told The Post. “Of course, that is where our money went.”
Goldman Sachs staffers are griping about getting paltry bonuses — despite a massive raise given to CEO David Solomon after the bank posted its best earnings in three years, The Post has learned.
Meanwhile, the bank announced on Jan. 17 that CEO Solomon — who turned 63 on the same day — received a whopping $39 million in compensation for 2024,Goldman insiders are fuming at the huge bonuses handed out to the bank’s top leadership, including a $39 million payday for CEO David Solomon.
Anger inside the firm’s 200 West Street headquarters in Lower Manhattan had already reached a boiling point on Jan. 16, the day before Solomon’s package was disclosed when some staffers clocked out early to protest at the skimpy payouts, two sources told The Post.“There’s a lot of frustration, anger, and disappointment. It feels demotivating when leadership seems more focused on external perceptions than internal morale,” the first source said.
One first-year associate griped about getting a $135,000 bonus on top of a $200,000 as a base salary, saying he was “not happy with the number.”Another banker seethed: “The bottom line for 2024 comp is this: the firm crushed it and a lot of people who made it happen were given cheap seats at the celebration.”Two Goldman insiders said some traders had clocked off early on Thursday Jan. 16 after learning about the size of their bonuses.
Rank-and-file bankers can make $200,000 in base pay and a six-figure bonus, which are ordinarily paid out in a mix of stock options and cash.
Banking Bonuses David Solomon Executive Compensation Goldman Sachs Jamie Dimon Jp Morgan Chase Wall Street
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