Shareholders Ask Goldman For a Taste Friday, November 20, 4:10 PM ET
The Wall Street Journal is reporting that some of Goldman Sachs (NYSE:GS) largest investors have formally requested that shareholders be cut in on the company's oversized bonus pool. The report indicates that the group of investors has requested that Goldman divert some of the money from its bonus pool to increasing the dividend paid to shareholders each quarter. So far this year, Goldman Sachs has set aside $17 billion dollars for bonuses and the company is on track to top its previous record of $20 billion set in 2007.
Goldman Sachs responded to the article in the Journal stating it had not been approached by any shareholders regarding its bonus pool and that investors "know that compensation at Goldman Sachs is directly linked to the firm's performance".
In afternoon trading, shares of Goldman Sachs were trading lower, off about one percent.
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