Despite Lowering Bonuses, Goldman Sachs' PR Woes Continue

Goldman Sachs announced today its “richest quarterly profit in the investment bank’s 140-year history,” according to The Wall Street Journal.

Despite profits of $4.78 billion for Q4 2009 — more than JP Morgan, Merryl Lynch, Bank of America and Citigroup combined — the firm’s $16.2 billion in employee compensation was the “lowest ever compensation to net revenues ratio,” said CEO Lloyd Blankfein [pictured].

While $16 billion may be low for Goldman, it’s a fortune for anyone else.

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