Goldman Sucks to Pay Bonanza Thanks to Paulson, Geithner, et al.

October 12, 2009 (LPAC)—Goldman Sucks is expected to announce pre-tax profits of $3.5 billion on revenues of $12 billion for the three months of business up until the end of September and, according to the Daily Telegraph, nearly half of the revenues, around $6 billion, will be put towards the annual remuneration package to be divided among staff, 5,500 of whom work in London. The total to be awarded in pay and bonuses at the end of the year could be as much as $22 billion.

If Goldman manages to deliver, it could mean an average compensation of more than $700,000 per employee. This figure is almost twice the average $363,000 paid out last year and slightly higher than the average $661,000 received in 2007.