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Goldman Sachs (GS) Cuts Bonuses, Cash Cap At $400,000

December 18, 2008 8:53 AM EST
From 247wallst.com

For bankers used to making millions of dollars in bonuses, $400,000 might seem like a big comedown. Goldman Sachs (NYSE: GS) has elected to make that the cap for cash compensation for everyone at the firm including partners.

Some bonuses will drop by 80%.

Read More at 247wallst.com >>>>

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