Epstein File EFTA00421548: Goldman Sachs (DS9)

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Epstein File EFTA00421548: Goldman Sachs (DS9)

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News article or financial report discussing Goldman Sachs Group Inc. and Morgan Stanley's 2011 earnings announcements and bonus structures. The document notes that approximately 400 partners at Goldman Sachs could expect deferred bonuses, and describes how senior employees' compensation structures were changing, with trader bonuses often exceeding continuing salary at both firms.

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Goldman Sachs

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Excerpt 1

. > At **Goldman** **Sachs** Group< Inc., which, like Morgan Stanley, reports earnings this week, many of the roughly 400 partners can expect to see their 2011

Excerpt 2

have bonuses deferred. > Senior employees across the board will be affected by the changes in the makeup of the bonus, which for a Morgan Stanley or **Goldman**

Excerpt 3

**Sachs** trader can often outpace the continuing salary, according to the people familiar with the situation.