Goldman's Blankfein Will Get Smaller Bonus

Goldman Sachs CEO Lloyd Blankfein's bonus will be cut to $7 million this year from $12.6 million the year before, according to Equilar, an executive compensation data firm. Goldman's heaviest hitters, as as group, will see their bonuses reduced by almost half. They are but the most recent group of traders to feel the bite of Wall St. pay cuts. Consulting firm the Options Group had predicted as much in a November report, saying it expected to see compensation at the biggest Wall Street banks...Full Story
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