More on Goldman Sachs bonus pool

Goldman Sachs has set aside more than $18 billion for its bonus pool for 2007. I'll say it again: that's got to be a record. Last year, it set aside $16.5 billion. The twist here is that there are more employees that the pool must cover, 29,905 compared with 26,467. So the average bonus per employee has dropped from $623,000 last year to $601,900 this year. That's still nothing to complain about. At Lehman Brothers, the pot is expected to reach about $9.4 billion. That amounts to $335,000 per employee. At other firms, there will be much less to celebrate. But there's no reason to shed any tears. Except maybe for those who were let go late in the year--and most likely lost their piece of the pie. Wall Street can be a mean place.  

For more:
- here's an article from The Times
- Ever wonder how CEOs spend their bonuses? video

Related articles:
- Firms start to inform employees of bonuses
- Bonus pool 2007: Goldman Sachs dominates

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