Relevant:
- Goldman Sachs Sets Aside $16.2 Billion to Pay Staff
- Goldman Sachs cuts staff in annual review process
- Goldman Trader Hid $8.3 BILLION Trading Position, Caused Loss Of More Than $100 Million
- Goldman Sachs Names 70 Partners, Fewest as Public Company
- Goldman Sachs Outlines Compensation Methods to Shareholders
2012-08-16 — bloomberg.com
``Goldman Sachs, the fifth-biggest U.S. bank by assets, said last month that it plans to eliminate $500 million from annual expenses, mostly from compensation, after reporting its lowest first-half revenue since 2005. The cuts are on top of a $1.4 billion expense-reduction program that was completed earlier this year. Goldman Sachs employed 32,300 people at the end of June, according to a company press release. ''
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