Goldman Sachs released its income and expense data for the second quarter of 2012. Revenues are up 4% from the first quarter, but down 17% over the same period last year, and for the first six months of 2012, they are down 13% over the same period last year. Compensation is a different story. For the first six months, compensation is 44% of revenues (p.4), compared with 42.4% for all of 2011.So shareholders get 3.5% of the revenues and insiders get 44%? Really? Whose money is at risk, again?
|By: masaccio Tuesday July 17, 2012 3:30 pm|