-
Don't Worry, Wealthy Wall Street Bankers Are Doing All Right
July 3, 2009 |
Advertisement
The loss of 467,000 jobs last month and the loss of practically every single job created this decade aside, at least some employees are back in business.
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.
Digby is the proprietor of Hullabaloo.
LIKED THIS ARTICLE? JOIN OUR EMAIL LIST
Stay up to date with the latest AlterNet headlines via email
Stay up to date with the latest AlterNet headlines via email
