Top bankers will not get cash bonuses

INVESTMENT banking giant Goldman Sachs today announced that senior executives would not receive cash bonuses for this year.

INVESTMENT banking giant Goldman Sachs today announced that senior executives would not receive cash bonuses for this year.

Goldman said the discretionary bonuses for the firm's 30-strong management committee would be paid entirely in shares subject to restrictions for five years, meaning they could not be sold for that period.

- What do you think? Should more banks follow the Goldman example or are bankers unfairly targeted? Let us know by posting a comment below.

Become a Supporter

This newspaper has been a central part of community life for many years. Our industry faces testing times, which is why we're asking for your support. Every contribution will help us continue to produce local journalism that makes a measurable difference to our community.

Become a Supporter