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Wednesday, December 19, 2007

Goldman Sachs distributes wealth to each other

According to Wikipedia, Goldman Sachs, an investment bank, has been on the Fortune 100 list of best places to work since 1998. No wonder, since the average salary of its 30,522 employees was $661,400 this year. That's a bit misleading since the median was somewhere in the $300,000's. The happiest employee must be the CEO, Lloyd Blankfein who took home over $70 million this year. He must have put in a lot of overtime... many a late night moving money from hither to thither and back again.

It had to be the overtime, because if he only worked a 40 hour week and took two weeks vacation, he'd have been earning $35,000 per hour.

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