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Goldman’s Most Elite Rank to Get Millions in Special Payouts

  • Bank readies special awards for its 400-person partner class
  • It’s coming with a warning: Don’t mistake it as new pay grade
Bloomberg business news
Goldman’s Top 1% to Get Millions in One-Time Payout
Updated on

The top 1% at Goldman Sachs Group Inc. is set to receive a special one-time reward in addition to annual bonuses, recognizing the Wall Street titan’s roaring success through the pandemic.

The unusual payments to partners -- the roughly 400 executives who fill out the investment bank’s highest rung -- will add millions of dollars to many compensation packages, according to people with knowledge of the matter, who asked not to be identified discussing internal decisions. That group already is in line for larger payouts that range from a few million dollars to multiples of that after a year of record earnings.