Simply couldn’t happen to a more deserving bunch of folks:
“GOLDMAN Sachs is planning to slash bonuses to almost zero amid growing expectations that the Wall Street bank is about to slide into the red for only the second time in its history.
The market meltdown that began in August has hammered the revenues of all the big global investment banks.
Analysts have been slashing their forecasts for Goldman’s third-quarter results, due on October 18, with most now expecting it to report a loss. Morgan Stanley, its closest rival, could also fall into the red.” See: bruised Goldman slashes bonuses as they slide into the red.