Banker Bonuses Roped In By Regulators Despite Record 2020 For Financial Industry

Asked about the drop in comp, Goldman CFO Stephen Scherr said that “our philosophy remains to pay for performance, and we are committed to compensating top talent. Our full-year compensation ratio is at a record low, reflecting the operating leverage in our franchise. As we have said in the past, we view the compensation ratiometric as less relevant to the firm as we build new scale platform businesses."

1 2 3 4
View single page >> |

Disclaimer: Copyright ©2009-2021 ZeroHedge.com/ABC Media, LTD; All Rights Reserved. Zero Hedge is intended for Mature Audiences. Familiarize yourself with our legal and use policies ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.