Goldman Sachs Group Inc. investors want a target for annual returns -- as long as it’s higher than the one that pays a bonus to Chief Executive Officer Lloyd C. Blankfein and his top deputies.
With the New York-based firm set to report a fourth straight year of lower profitability than it had in the decade before the financial crisis, shareholders are waiting for Goldman Sachs to end its status as the only major investment bank that won’t declare a public profitability target. The company’s board of directors set a 10 percent return-on-equity target for top executives to earn their long-term bonuses, a level that even Blankfein has called “hardly aspirational.”
