How Do People Get Rich?

Goldman Sachs announced the other week that they'll be giving their employees an astonishing record amount in bonus money. That record amount?? $16.5 BILLION DOLLARS!! And the great thing about Goldman Sachs is that everyone benefits from the bonus, not just the executives and top performers.

The average salary, including the bonus, is said to be around $622,000 this year. They're also shelling out big bucks in the form of a cool $25 MIL for their "Golden 25," a group of bankers, traders, etc. that brought in the most money for the year. Talk about motivation and an incentive to work hard!

The company can do this because they had an excellent year. Their profits climbed over 70% with their stock up over 50%. Man, do I work for the wrong company or what?!?

Posted by David B. on 19 December 2006 at 11:06 AM | Permalink