Goldman Workers Reaped $2 Billion From 2008 Awards Last Year
People walk past the Goldman Sachs headquarters in New York.
Photographer: Ron Antonelli/BloombergThis article is for subscribers only.
While Goldman Sachs Group Inc. employees may get less compensation than in the past, many cashed in last year for a payday they’ve been awaiting since the depths of the financial crisis.
Employees exercised options worth $2.03 billion in 2014. More than 96 percent of the contracts were granted as part of 2008 compensation. Last year marked the first time bankers were able to take advantage of those awards.