Thursday, July 02, 2009

Goldman Sachs - Rolling Stone - Bonuses

Goldman Sachs (NYSE:GS) is poised to announce its next quarterly. Rolling Stone magazine, a well known source of high value financial information, has noticed that these guys seem to make a lot of money. Hmm what’s that story about stock tips; if a cabbie gives you one, its time to get out, because the cabbie is the last one in.

In any event they will be announcing bonuses and earnings. Expect the numbers to be huge. The question becomes where did all those guys rate as a percentage of their bonus pools. Did they just qualify or did they hit home runs. The firm is big, so the numbers seem large. But you need to drill down and see what was left on the table and then you can reach a properly greedy capitalist interpretation