Goldman Sachs: Here's Why We Deserve To Pay Ourselves A Boatload Of Money

goldmanpayreport

As Goldman Sachs (GS) holds emergency meetings with shareholders over the subject of pay, the bank has released a document (.pdf), via FT Alphaville,  to the public explaining why, exactly, Goldman employees deserve to be richer than God.

The argument basically boils down to: we kick arse and we deserve it, and you should feel damn lucky you’re not one of those sad Citigroup shareholders.

Check out the case, and see if you’re persuaded >>

First, bear in mind that we pay our employees a lot, so that they can make you money

Source: Goldman Sachs Compensation Practices

Check out our fat margins

Source: Goldman Sachs Compensation Practices

Historically, comp growth has always been right in line with revenue growth

Source: Goldman Sachs Compensation Practices

In all the key performance measures, Goldman comp actually lags

Source: Goldman Sachs Compensation Practices

And remember, our top brass got hosed last year

Source: Goldman Sachs Compensation Practices

When the stock plummeted, they felt the pain

Source: Goldman Sachs Compensation Practices

But here's the fact, we're DESTROYING our peers. Imagine being a Citigroup shareholder. HA!

Source: Goldman Sachs Compensation Practices

And we don't just use our money for bonuses. We also spend a lot on buybacks and dividends

Source: Goldman Sachs Compensation Practices

Basically, we're kicking arse. What are you complaining about?

Source: Goldman Sachs Compensation Practices

In case you still don't get the message

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