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At Goldman, the Average Pay for Three Months Is $135,594

Goldman Sachs Group headquarters in New York, on April 15
Goldman Sachs Group headquarters in New York, on April 15Photograph by Victor J. Blue/Bloomberg

Goldman Sachs is fighting to keep compensation costs under control. But “under control” is a relative concept.

According to its earnings statement released today, the company set aside $4.34 billion to pay employees in the first three months of 2013. As Bloomberg’s Michael J. Moore reports, that sum amounts to an average of $135,594 per person in salaries, bonuses, and benefits in a firm with 32,000 employees. Multiply that quarterly amount by four and you get better than half a million dollars in annual compensation, per worker. A figure, by the way, that’s dragged down by the secretaries, clerks, and other support staff who make far less.