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At Issue } essential reading

Goldman Sachs Bars Cash Bonus for Top Officers

Louise Story
Friday, December 11, 2009

Bowing to calls for restraint in tough economic times, Goldman said that its most senior executives would forgo cash bonuses this year. Instead, the 30 executives will be paid in the form of long-term stock — an arrangement that means they will not get big year-end paydays, but one that could turn out to be enormously lucrative if Goldman’s share price rises over time.

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