There have of course been ups and downs but the first have of this years has been good for the employees at Goldman Sachs Group Inc. Baring any unforeseen problems or evens, they may fair as well as they did back in the stellar markets of 2007.
However there is no crystal ball and moving into the second half of the year could turn boom into bust or at least put a damper on expectations. Analysts and indeed the company itself state that current number are unlikely to continue, thus compensation will likely be less than first-half might project.
$6.65 billion is a heady number, but that is what Goldman set aside in compensation and benefits for its 29,400 employees. This is up 40% quarter over quarter. This equates to a compensation expense of $226,000 per employee, combine this with first-half results and the total comes to approximately $394,800 per employee.
