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GS
New York Post
204 days

Goldman Sachs staffers fume over paltry bonuses after CEO David Solomon's eye-popping $39M payout

1. Goldman Sachs staff unhappy with low bonuses despite CEOs' significant pay raise. 2. CEO David Solomon received $39 million compensation, a 26% increase from last year. 3. Employee bonuses decreased while profits surged 67% due to increased dealmaking. 4. Frustration over compensation structure affecting morale and retention of staff. 5. Industry-wide, low employee satisfaction in relation to high profits reported.

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FAQ

Why Bearish?

Employee dissatisfaction may lead to reduced productivity and retention issues, negatively impacting GS's performance. Past examples show high turnover can lead to decreased efficiency and client service.

How important is it?

The article discusses internal issues at Goldman Sachs which may impact operations, making it relevant but not critical to immediate performance.

Why Short Term?

Immediate employee morale issues could affect short-term productivity. Long-term effects depend on how management addresses these concerns.

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