Tuesday, January 17, 2012

Goldman forced to reveal pay of top staff

According to the Guardian UK, EU rules have forced Goldman Sachs, which publishes full-year results on Wednesday, to disclose it pays its top UK staff an average of £4m

Regulatory filings for Goldman Sachs Group Holdings (UK) show that it had 95 code staff in 2010 who shared $269.5m (£175m) in cash (including salaries) and were handed 2m restricted stock units (RSUs), worth $320m at the $160-ish share price in 2010. At these prices – and it is an inexact science as the RSUs pay out over five years and their value will depend on the share price in the future (it is currently $98), this suggests an average pay deal of $6.2m for each of the 95, none of whom is identified by name.....



Find out more at http://www.guardian.co.uk/business/blog/2012/jan/16/goldman-sachs-pay-top-london-staff?newsfeed=true

No comments:

Post a Comment