As you may know Goldman Sachs came under considerable scrutiny earlier in the year when the firm announced record breaking profits – and as a result record bonuses.
If results stay on track the firm will hand out more than $20 billion in year-end bonuses – the equivalent of more than $630,000 per employee.
A few weeks back, the bank's chief financial officer, David Viniar, expressed a degree of frustration at how much attention is being focussed on Goldman's compensation.
And he defended the bonuses as necessary to attract and retain top talent. "Our competitors are very good, our competitors are paying people very well and they're willing to hire people with guaranteed bonuses."
But don't go thinking they're all getting big fat checks or that a dump truck loaded with money is going to back up into their garages.
They want to pay out these bonuses in the most politically sensitive way possible, explains CNBC’s Charlie Gasparino.
I’m hearing Goldman will pay its top 15 producers all in stock. And the next top 500 producers will probably receive a cash and stock mix.
And I expect to see Lloyd Blankfein doing some public relations campaigns, including a blow-out spread in Vanity Fair.
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