Record pay and profits at Goldman Sachs
Archived Articles 15 Jul 2009  EWR
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Andre Damon and Barry Grey, WSWS

Goldman Sachs, which received $10 billion in government bailout cash, reported record revenues and earnings for the second quarter of 2009 on Tuesday. The Wall Street bank set aside $6.6 billion, nearly half of its quarterly revenue, for compensation, a 41 percent increase from the first three months of the year. It has earmarked $11.3 billion for salaries and bonuses for the first six months of 2009.

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