Goldman Denies Big Bonus Rumors
Goldman Sachs is denying a report by the Guardian that the bank plans to hand out the "biggest bonus payouts in the firm's 140-year history" later this year. "We won't know what our compensation benefit number is until the end of the fourth quarter, which is at the end of December," explained a spokesman, dismissing the story as "pure speculation." In other words, it may end up being a record amount. But it's too soon to say for sure. And the bank wouldn't want employees to think they could coast from now until the end of the year, now would it? [NYDN]