It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
(visit the link for the full news article)
Ken Brown, a shareholder of Goldman Sachs, claims the firm is supposed to spend about 50% of its net revenue on salaries and bonuses. But in 2008 Goldman dished out $4.82 billion in bonuses despite earnings of only $2.32 billion..In the first quarter of 2009, it spent 259% of its net income on employee and executive compensation and in the second quarter 193%. Brown is now suing Goldman for exceeding its own rules on salaries and bonuses.
Originally posted by Bunker or Bust
Will be interesting and slightly sadistically amusing to watch the beast eat itself.