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Goldman Sachs Exclusive: Increasing Compensation Despite Declining Profits

Goldman Sachs Group Inc. is expecting a slight increase in compensation costs, despite facing another year of declining profit.

Goldman Sachs expects compensation costs to rise despite declining profits, emphasizing performance-based pay in key areas. PHOTO: Daniel Acker/Getty Images/Bloomberg
Goldman Sachs expects compensation costs to rise despite declining profits, emphasizing performance-based pay in key areas. PHOTO: Daniel Acker/Getty Images/Bloomberg

The bank plans to base pay on business performance, even though certain areas have experienced a slowdown. Analysts predict a 25% decrease in adjusted net income for this year.

Following public criticism of CEO David Solomon, Goldman’s leaders have placed a

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