成人小说亚洲一区二区三区,亚洲国产精品一区二区三区,国产精品成人精品久久久,久久综合一区二区三区,精品无码av一区二区,国产一级a毛一级a看免费视频,欧洲uv免费在线区一二区,亚洲国产欧美中日韩成人综合视频,国产熟女一区二区三区五月婷小说,亚洲一区波多野结衣在线

立即打開(kāi)
Volcker whacks Goldman Sachs

Volcker whacks Goldman Sachs

Colin Barr 2010年01月25日

????By Colin Barr

????A proposed trading crackdown backed by former Federal Reserve chief Paul Volcker overshadowed Goldman Sachs' biggest-ever profit Thursday.

????New York-based Goldman (GS, Fortune 500) posted a gaudy fourth-quarter profit of nearly $5 billion. That number beat the Wall Street analyst consensus estimate by more than $3 a share, thanks to an unusual reduction in employee compensation that handed shareholders a $3 billion after-tax bonus.

????But investors weren't cheering. They were too busy fretting over the big banks' profit outlook in the face of a growing bonus backlash now seemingly joined by the White House.

????"Profits were so immense in 2009, I think everyone assumes we'll see some settling out in 2010," said Paul DeLucia, a partner at Options Group, a New York-based financial consulting firm. "And there is a lot of chatter about the Volcker plan."

????President Obama, speaking late Thursday morning at the White House with Volcker at his side, said he would seek to limit the size of big banks and the trading risks they shoulder with the backing of the federal deposit insurance fund.

????"We should no longer allow banks to stray too far from their central mission of serving their customers," Obama said.

????Goldman Sachs chief financial officer David Viniar said Thursday that an average of around 10% of its revenue comes from activities that could be hit by the Volcker plan -- such as private equity, internal hedge funds and proprietary trading.

????Shares across the financial sector tumbled, with Morgan Stanley (MS, Fortune 500) and JPMorgan Chase (JPM, Fortune 500) each dropping more than 5% and Goldman, Bank of America (BAC, Fortune 500) and Citigroup (C, Fortune 500) off 4%.

????The selloff came even after Goldman, following in the footsteps of JPMorgan, poured an outsize share of its 2009 profits into shareholders' pockets.

????Goldman typically sets aside between 40% and 50% of quarterly revenue to pay its workers. But in the fourth quarter, Goldman actually reduced the compensation pool it built up over the first nine months of the year by $519 million, to fund a big contribution to its Goldman Sachs Gives charity.

????The decision meant that the average Goldman Sachs employee, who earlier this year appeared headed toward an annual paycheck as large as $773,000, ended up with $498,000 instead.

????That's hardly chump change, but it is well below the $661,000 average payout in the previous record profit year of 2007.

????The move comes as a furor grows in Washington about the sums paid to bankers just a year after the financial services industry was rescued in a multitrillion-dollar taxpayer bailout.

????Goldman, for its part, insists it didn't set out to reduce compensation for the sake of producing a less gaudy average-pay figure -- even as its payout ratio fell to 36% in 2009 from an average of 47% over the past decade.

????"The comp ratio was not reverse engineered," Viniar said Thursday in a conference call with analysts. Compensation decisions, he said, were made "one person at a time."

????But with members of Congress proposing bonus taxes and the White House trying to rein in bank risk-taking, mere pay reductions won't be enough to head off regulation that could eat into future profits.

????"There's a lot of deep-seated resentment out there right now," said DeLucia. "The way things are right now, everyone seems to have a problem no matter what the big banks do with their bonus numbers."

掃碼打開(kāi)財(cái)富Plus App
又大又粗又爽a级毛片免费看| 丰满少妇?级毛片| 与亲女洗澡时伦了毛片| 亚洲AⅤ日韩AV电影在线观看| 国产精品女人精品久久久天天| 人妻洗澡被强公日日澡| 国产av熟女一区二区三区| 欧美午夜精品久久理论片| 亚洲国产视频无码在线观看| 99久久久精品免费| 无码一区二区三区久久精品| 91人妻人人澡人人爽人人精品| 中文字字母乱码在线电影一区二区| 亚洲av无码a片在线观看| 国内女人牲交视频播放| 国产精品免费大片| 欧美成人影院在线观看| 中文成人无码精品久久久不卡| 欧美黑人粗暴多交高潮水最多| 亚洲成人免费播放| 中文字幕高清无码免费看| 99久久国产综合精品五月天| 狠狠88综合久久久久综合网| 中文字幕女人妻热女人妻| 欧美激情国产精品视频一区| 人妻少妇被猛烈进入中文字幕| 国产学生粉嫩喷水在线观看| 成年免费A级毛片免费看| 中文字幕无码精品AV亚洲乱码| 亚洲人成影院在线无码观看| 日本精品一区二区在线观看| 精品亚洲AⅤ无码专区毛片| 国产精品裸模私密视频| 18禁无遮挡羞羞污污污污免费| 国产在线精品一区二区不卡| 亚洲九九视频欧美插逼视频| 国产成人精品久久一区二区三区| 欧美在线日韩在线亚洲第一| 手机永久无码国产av毛片| 成年女人黄网站18禁| 中文字幕手机在线精品|