News In Brief

Don’t feel too bad for Goldman Sachs

Kai Ryssdal Jan 19, 2011

This final note today, to follow up on Bob Moon’s story about bank profits. Can’t leave without mentioning the bank everyone loves to hate.

That’d be Goldman Sachs. Goldman reported profits this morning, both quarterly and year over year. The numbers were down in both cases, and when the bank makes less money, so to do Goldman employees.

Don’t feel too bad for ’em, though. Average compensation last year was better than $430,000.

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