Goldman offered accused trader $3m bonus to join


Goldman Sachs tried to poach Thomas Hayes from UBS in 2008 with the promise of a $3m signing bonus, according to documents at a London trial.

Bloomberg News reports that the job offer was disclosed Thursday in an e-mail sent by one of Hayes’s bosses at UBS, Sascha Prinz, years before the Libor scandal which resulted in Hayes facing criminal charges that he conspired to manipulate the benchmark interest rate.

'One of my most talented young traders in Tokyo, Tom Hayes, is being aggressively pursued by Goldman Sachs', Prinz, head of fixed income for Europe, wrote to Jerker Johansson, the head of UBS’s investment bank, in a June 24, 2008, e-mail shown to the jury by U.K. prosecutor Mukul Chawla. 'They are offering Tom a large role with significantly more responsibility plus a $3m guarantee for 2008'.

Hayes, 35, is accused of eight counts of conspiracy to manipulate the London interbank offered rate.

To access the complete Bloomberg News article hit the link below:

Goldman Sachs Offered Tom Hayes $3 Million Bonus to Quit UBS

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