Following closely behind last week's suggestion that $10m bonuses are going to resurface soon, is the claim, in yesterday's Observer, that Goldman Sachs has primed its employees to expect the largest bonuses in the firm's history this year.
The paper cites 'insiders,' who say the firm has benefited from a lack of competition and soaring FICC revenues. Staff were apparently briefed on the good news last week.
If the success of the first quarter continues for the next three, the average Goldman man/woman can expect to earn $675k in 2009.
Average comp per head, Goldman Sachs, 2006-2009e