Goldman Sachs lifts bonus cap on UK staff, allowing profits of up to 25 times annual salary | |
Goldman Sachs lifts bonus cap on UK staff, allowing profits of up to 25 times annual salary. Richard Gnodde, Chief of Goldman Sachs Worldwide, reported the adjustment of a video message to staff, saying it lines up with the organization's worldwide way to deal with pay. The move follows UK controllers' choice to officially annul EU decides that recently restricted rewards to two times fundamental compensation, with other significant UK banks including HSBC, Barclays and NatWest set to take action accordingly. | |
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