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."

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