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IPFS News Link • Employee and Employer Relations

Goldman Partners To Be Rewarded With Millions In One-Time Bonuses

• by Tyler Durden

According to Bloomberg, in an attempt to preempt defections of some of its top producers, Goldman is set to reward the "top 1%" at the bank with a special one-time bonus in addition to annual bonuses, in recognition of the bank's "roaring success" through the pandemic, a pandemic which we have said from the very beginning has successfully made the ultra rich even richer. 

The unusual payments to partners - the ~400 bankers who fill out the investment bank's highest rung - will add millions of dollars to many compensation packages, according to Bloomberg sources. The one-time payment is in addition to the larger regular bonus payouts that range from a few million dollars to multiples of that after a year of record earnings.