CNBC's Gasparino: Goldman Sachs Wins Holiday Bonus Race
It's bonus time and it looks like it's going to be a very merry holiday season on Wall Street. CNBC's Charles Gasparino had the details in the Street Stories segment on "Power Lunch." Goldman Sachs is the apparent big winner. GS is the premier trading house and 50 executives will be receiving $25 million each as a Christmas bonus.
Morgan Stanley comes in second. "Only" 12 execs there are making the $25 million club.
In both cases--commodity trading was where the top people were making the money.
FYI-neither house had any comment for Charlie when he called them. None of this bonus information has to be disclosed.