Bonus Bonanza

Bankers Unhappy with Best Year Ever

Goldman Sachs is set to report its highest yearly profit ever, but its employees, apparently, are unhappy: According to The Wall Street Journal, employees are saying that too much of their annual bonuses will be in stock that they cannot immediately sell, complicating their annual household budgets. While the raw numbers at Goldman and other banks are likely to add up to near-record paydays, the banks are stressing that their “comp ratios”—the ratio of total compensation costs to net revenues—are at an all-time low. Goldman, for one, is expected to announce its lowest comp ratio since it went public in 1999, with compensation accounting for 42.8 percent of revenue.