Goldman Sachs Shareholders Want More Of Profits
Goldman Sachs' shareholders are pressuring the company to reduce the huge bonuses it pays its employees, according to The Wall Street Journal. The investors want to share in more of the profits. Goldman reportedly has been making record amounts of money, but analysts expect earnings for shareholders to be lower than in previous years.
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STEVE INSKEEP, host:
NPR's business news starts with more frustration over Wall Street bonuses.
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INSKEEP: This time the anger doesn't come from politicians. The Wall Street Journal reports today that Goldman Sachs' own shareholders are pressuring the company to reduce the huge bonuses that it pays its employees. That's because the shareholders wants more of the bank's earnings for themselves. According to the report, Goldman has been making record amounts of money but analysts expect earnings for shareholders to be lower than in previous years.
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