Sep
12
How Bank Workers Emerged From the Crash $12.5 Billion Richer
By-
Goldman options granted in December 2008 have soared in value
- BofA, Citi among those whose options expired out of the money
Stock options granted at the depths of the financial crisis have yielded billions of dollars for employees at some of the biggest U.S. banks, while others saw the promise of massive payouts vanish as shares of their firms languished.
Goldman Sachs Group Inc., Wells Fargo & Co. and JPMorgan Chase & Co.employees reaped about $12.5 billion from stock options exercised in the decade since the collapse of Lehman Brothers Holdings Inc., as some bank stocks rebounded smartly…
How Bank Workers Emerged From the Crash $12.5 Billion Richer
