Feb
14
Goldman Sachs Denies Bonuses for 100 Investment Bankers
By-
Number of dealmakers passed over for rewards is said to grow
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On Wall Street, getting ‘blanked’ is often a signal to quit
Goldman Sachs Group Inc. didn’t pay 2016 bonuses to about 100 bankers who advise on takeovers and underwrite securities offerings, signaling to a bigger crowd of underperformers that they’re probably better off elsewhere, according to people with knowledge of the matter.
The move is more draconian than in past years when many dealmakers who failed to impress their bosses still got something, said the people, who asked not to be identified discussing the firm’s compensation practices. The number of employees denied a bonus in recent weeks is higher than a year ago — eliminating what’s typically a major component of their pay…
Goldman Sachs Denies Bonuses for 100 Investment Bankers
