The top 1% at Goldman Sachs Group Inc. is set to receive a special one-time reward in addition to annual bonuses, recognizing the Wall Street titan’s roaring success through the pandemic. That group already is in line for larger payouts that range from a few million dollars to multiples of that after a year of record earnings. When compensation is set next year, managers will ignore the one-time payouts when making comparisons. Bosses across Wall Street are sweetening payouts this year after showing restraint in the first half of a two-year trading and dealmaking boom unleashed by the pandemic. In the modern Goldman, the partner title still holds symbolic value, signaling their top standing in the firm’s hierarchy.

Source: Mint January 15, 2022 09:08 UTC