成人小说亚洲一区二区三区,亚洲国产精品一区二区三区,国产精品成人精品久久久,久久综合一区二区三区,精品无码av一区二区,国产一级a毛一级a看免费视频,欧洲uv免费在线区一二区,亚洲国产欧美中日韩成人综合视频,国产熟女一区二区三区五月婷小说,亚洲一区波多野结衣在线

立即打開(kāi)
Volcker whacks Goldman Sachs

Volcker whacks Goldman Sachs

Colin Barr 2010年01月25日

????By Colin Barr

????A proposed trading crackdown backed by former Federal Reserve chief Paul Volcker overshadowed Goldman Sachs' biggest-ever profit Thursday.

????New York-based Goldman (GS, Fortune 500) posted a gaudy fourth-quarter profit of nearly $5 billion. That number beat the Wall Street analyst consensus estimate by more than $3 a share, thanks to an unusual reduction in employee compensation that handed shareholders a $3 billion after-tax bonus.

????But investors weren't cheering. They were too busy fretting over the big banks' profit outlook in the face of a growing bonus backlash now seemingly joined by the White House.

????"Profits were so immense in 2009, I think everyone assumes we'll see some settling out in 2010," said Paul DeLucia, a partner at Options Group, a New York-based financial consulting firm. "And there is a lot of chatter about the Volcker plan."

????President Obama, speaking late Thursday morning at the White House with Volcker at his side, said he would seek to limit the size of big banks and the trading risks they shoulder with the backing of the federal deposit insurance fund.

????"We should no longer allow banks to stray too far from their central mission of serving their customers," Obama said.

????Goldman Sachs chief financial officer David Viniar said Thursday that an average of around 10% of its revenue comes from activities that could be hit by the Volcker plan -- such as private equity, internal hedge funds and proprietary trading.

????Shares across the financial sector tumbled, with Morgan Stanley (MS, Fortune 500) and JPMorgan Chase (JPM, Fortune 500) each dropping more than 5% and Goldman, Bank of America (BAC, Fortune 500) and Citigroup (C, Fortune 500) off 4%.

????The selloff came even after Goldman, following in the footsteps of JPMorgan, poured an outsize share of its 2009 profits into shareholders' pockets.

????Goldman typically sets aside between 40% and 50% of quarterly revenue to pay its workers. But in the fourth quarter, Goldman actually reduced the compensation pool it built up over the first nine months of the year by $519 million, to fund a big contribution to its Goldman Sachs Gives charity.

????The decision meant that the average Goldman Sachs employee, who earlier this year appeared headed toward an annual paycheck as large as $773,000, ended up with $498,000 instead.

????That's hardly chump change, but it is well below the $661,000 average payout in the previous record profit year of 2007.

????The move comes as a furor grows in Washington about the sums paid to bankers just a year after the financial services industry was rescued in a multitrillion-dollar taxpayer bailout.

????Goldman, for its part, insists it didn't set out to reduce compensation for the sake of producing a less gaudy average-pay figure -- even as its payout ratio fell to 36% in 2009 from an average of 47% over the past decade.

????"The comp ratio was not reverse engineered," Viniar said Thursday in a conference call with analysts. Compensation decisions, he said, were made "one person at a time."

????But with members of Congress proposing bonus taxes and the White House trying to rein in bank risk-taking, mere pay reductions won't be enough to head off regulation that could eat into future profits.

????"There's a lot of deep-seated resentment out there right now," said DeLucia. "The way things are right now, everyone seems to have a problem no matter what the big banks do with their bonus numbers."

掃碼打開(kāi)財(cái)富Plus App
99久久综合精品五月天| 亚洲中文久久精品无码浏不卡| 免费 无码 国产在线观看p午夜亚洲av中文字字幕| 亚洲精品欧美精品日韩精品| 在线观看少妇免费三级| 午夜无码一区二区三区在线观看| 精品国产乱码久久久久久蜜桃免费| 无码少妇一区二区三区视频| 成人H无码动漫在线观看| 色播艾小青国产专区在线播放| 精品视频人人妻人人爽人人| 欧美巨大另类极品videosbest| 精品国产免费人成在线观看| 日韩美精久av一区二区三区| 国产伦理一区二区| 久久久婷婷五月亚洲97号色| 亚洲中文久久久久久精品| 久久精品国产亚洲AV麻豆~| 国产超碰人人做人人爱ⅴA| 免费无码专区毛片高潮喷水| 亚洲欧美日韩中文字幕在线国产成人高清亚洲亚洲日本人成网站| 欧美乱妇狂野欧美在线视频| 伊人久久大香线蕉综合电影| 亚洲人成网站观看在线播放| 成人精品一区二区91毛片不卡| 国产亚洲欧美另类精品久久久| 国产狂喷水潮免费网站www| 亚洲AV日韩AV一区二区三曲| 久久亚洲精品成人无码网站| 91久久久国产一区二区| 国产精品96久久久久久AV网址| 嫩草影院一二三网址永久入口| 日韩AV专区制服丝袜第二页| 深夜国产在线观看| 亚洲日本va中文字幕亚洲| 人妻少妇久久中文字幕| 国产在线观看一区精品| 国产欧美一区二区精品每日更新| 欧美色成人综合天天影院| 中文字幕在线亚洲一区二区三区| 中文字幕高清无码免费看|