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Loan Modification
: Mortgage Lender Implode-o-MeterBig Pay Packages Return to Wall Street
By Implode-Explode Heavy Industries
Business is back on Wall Street. If the good times continue to roll, lofty pay packages may be set for a comeback as well.
Based on analysts' earnings forecasts for 2009, Goldman Sachs Group Inc. is on track to pay out as much as $20 billion this year, or about $700,000 per employee. That would be nearly double the firm's $363,000 average last year, and slightly higher than the $661,000 for the average Goldman employee in fiscal 2007, according to analyst estimates reviewed by The Wall Street Journal.
Full post as published by Mortgage Lender Implode-o-Meter on July 02, 2009 (boomark / email).
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