'I just don't see how they have the cash to pay us,' he says. The implication would seem to be that some people at Goldman might be paid very well, many might be paid tolerably, and some will be paid terribly and leave in a huff. On the other, the New York Post said last week that miserable bonuses are coming at Goldman in an effort to make poor performers go away. On one hand, Financial News reported before Christmas that Goldman is planning a 10% bonus hike for dealmakers despite a year of limp performance, and the Financial Times said at the same time that Goldman was planning to increase bonuses for traders. Amends must be made.Īnd yet, as the date approaches, the portents are confusing.

'Last year was absolute Armageddon,' says one Goldman insider of his previous bonus. They expect a 29% rise, second only to the 30% rise expected at HSBC. Our own bonus expectations survey showed that Goldman people have very high hopes for their bonuses this year. Goldman Sachs announces its fourth quarter results next week, and around the same time it will let its people know the size of their bonuses. It's bonus season, not quite yet but very soon.

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