Goldman Sachs Pay Ratio Slips to Second-Lowest Level Since IPO
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The portion of revenue Goldman Sachs Group Inc. set aside last year to pay employees was the second-lowest since it became a public company, as the bank grapples with a trading slump.
Compensation, which includes salaries, bonuses and the expense of awards deferred in prior years, rose 0.6 percent from 2013 to $12.7 billion as the number of employees increased, the firm said today in a statement. That amounted to 36.8 percent of revenue compared with 36.9 percent a year earlier. The investment bank disbursed 36 percent in 2009, the least since selling stock to the public in 1999.