Sunday, January 24, 2010

HARD TIMES AT GOLDMAN SQUID



BANZAI7 NEWS--The Times of London reports Goldman Squid, is capping the salary and bonus packages of its top London staff at £1million.

Senior bankers and star traders will be given details of the clampdown later this week. The new limit is likely to cause consternation among the bank’s biggest earners, an elite group dubbed the Masters of the Universe, who have in good years been handed bonuses topping £10m each.

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