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Goldman Staff Have The Last Laugh On Bonuses

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They've called it the $30bn speech - that's the value wiped off shares in top US companies in the minutes after President Obama announced on Thursday that he was to introduce measures to reduce the size of financial institutions and limit their ability to take on risk.

Goldman Said To Have Driven Hard Bargain

Bloomberg reports that, according to documents obtained by US lawmakers, Goldman Sachs 'was the most aggressive bank counterparty to AIG before its bailout, demanding more collateral while assigning lower values to real estate assets backed by the insurer'.

Goldman Said Capping London 'Partner' Compensation At £1m ($1.6m)

The Times reports that Goldman Sachs is capping compensation for its 100 London-based Managing Director Partners at £1m ($1.6m). Many other less senior bankers, however, will be paid out in excess of this amount. Under FSA guidelines, a minimum of 60% of bonuses over $1.6m will need to be paid out in deferred equity.

Compensation & Other News

The Wall Street Journal reports that John Havens, who runs Citi's investment banking unit, was the company's highest-paid employee last year - bagging $9m, primarily in restricted stock.

The One Bonus Story You Really Have To Read

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We've done a lot of stuff recently on bonuses (hey, it's that time of year), but a lot of interesting reporting came out over the weekend on this subject, and we thought it would be good to put it all together for you.

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