It's bonus season, not quite yet but very soon. Goldman Sachs announces its fourth quarter results next week, and around the same time it will let its people know the size of their bonuses. The uncertainty lies heavy.
Our own bonus expectations survey showed that Goldman people have very high hopes for their bonuses this year. They expect a 29% rise, second only to the 30% rise expected at HSBC. There's a reason for this. "Last year was absolute Armageddon," says one Goldman insider of his previous bonus. Amends must be made.