Goldman Sachs reports record profits after complaints of 100-hour work weeks
NY Post
Those 100-hour work weeks are paying off.
Goldman Sachs delivered record sales and profits on Wednesday — just weeks after a group of overworked junior analysts griped in a viral PowerPoint presentation that the Wall Street giant was forcing them to work around the clock. The bulge-bracket bank saw its quarterly profit jump nearly 500 percent to $6.84 billion, or $18.60 a share, demolishing the $10.22-a-share forecast of analysts. Revenue totaled $17.7 billion, trouncing estimates of $12.61 billion. The firm said first-quarter revenues more than doubled on a year-over-year basis.More Related News