LET'S PARTY LIKE IT'S 1999

July 2, 2009

LET'S PARTY LIKE IT'S 1999



Dear boys and girls,

Based on analysts' earnings forecasts for 2009, Goldman Sachs Group Inc. is on track to pay out as much as $20 billion this year, or about $700,000 per employee. That would be nearly double the firm's $363,000 average last year, and slightly higher than the $661,000 for the average Goldman employee in fiscal 2007, according to analyst estimates reviewed by The Wall Street Journal.

Morgan Stanley, the only other huge U.S. securities firm left as an independent company, will likely pay out $11 billion to $14 billion in compensation and benefits this year, analysts predict. On a per- employee basis, payouts are expected to exceed last year's average of $262,000. Howard Chen, an analyst at Credit Suisse, projects that the company's average pay will come close to the $340,000 paid out by Morgan Stanley in fiscal 2007.

http://online.wsj.com/article/SB124649352055183157.html#mod=djemTMB


Champagne Kisses,

Carole
Carole Lieff
@2009 The Art Advisor
http://www.carolelieff.com/
clieff1@aol.com