The statistic shows the extent of the bonus culture at Goldman Sachs in 2009, the year after the financial crisis hit. The bank had received 10 billion U.S. dollars in TARP funds (Trouble Asset Relief Program) a fund released in by the U.S. Treasury to be used by organizations during the financial crisis in an attempt to stabilize the American economy. In 2008, the bank spent a total of 4.82 billion U.S. dollars on bonuses, which included 2.24 billion in cash bonuses. The top four executives received a combined sum of 45.9 million U.S. dollars in 2009, where as in this year 953 received bonuses of at least 1 million U.S. dollars. The total work force at Goldman Sachs in this year amounted to 30,067.
Bonus breakdown at Goldman Sachs in 2009
(in million U.S. dollars)
* Figures which display the sum of bonuses received.
** The minimum amount individuals received in bonuses. The figures have been taken from an extract of the Andrew Cuomo Bonus Report, published by the Wall Street Journal.
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Wall Street Journal. (July 30, 2009). Bonus breakdown at Goldman Sachs in 2009 (in million U.S. dollars) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/250756/bonus-breakdown-at-goldman-sachs/
Wall Street Journal. "Bonus breakdown at Goldman Sachs in 2009 (in million U.S. dollars)." Chart. July 30, 2009. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/250756/bonus-breakdown-at-goldman-sachs/
Wall Street Journal. (2009). Bonus breakdown at Goldman Sachs in 2009 (in million U.S. dollars). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/250756/bonus-breakdown-at-goldman-sachs/
Wall Street Journal. "Bonus Breakdown at Goldman Sachs in 2009 (in Million U.S. Dollars)." Statista, Statista Inc., 30 Jul 2009, https://www.statista.com/statistics/250756/bonus-breakdown-at-goldman-sachs/
Wall Street Journal, Bonus breakdown at Goldman Sachs in 2009 (in million U.S. dollars) Statista, https://www.statista.com/statistics/250756/bonus-breakdown-at-goldman-sachs/ (last visited August 25, 2024)
Bonus breakdown at Goldman Sachs in 2009 (in million U.S. dollars) [Graph], Wall Street Journal, July 30, 2009. [Online]. Available: https://www.statista.com/statistics/250756/bonus-breakdown-at-goldman-sachs/