on january 21, 2010 the tampa bay times carried an associated press report headlined "goldman sachs limits pay, earns $4.79 billion in fourth quarter" reporting that in 2009 the bank gave out salaries and bonuses worth $16.2 billion. That figure was 47% more than the year before. In all, compensation accounted for 36% of Goldman's $45.17 billion in 2009 revenue. ...in 2008, goldman set aside 48% of its revenue to pay employees. how much did goldman sachs pay out in bonuses in 2008?
on january 21, 2010 the tampa bay times carried an associated press report headlined "goldman sachs limits pay, earns $4.79 billion in fourth quarter" reporting that in 2009 the bank gave out salaries and bonuses worth $16.2 billion. That figure was 47% more than the year before. In all, compensation accounted for 36% of Goldman's $45.17 billion in 2009 revenue. ...in 2008, goldman set aside 48% of its revenue to pay employees.
how much did goldman sachs pay out in bonuses in 2008?
The salaries or bonuses in any year can be presented as a percentage of the previous year's salary/bonuses. Given a salary in any one year and the amount of that salary as a percentage of the previous year's salary, one can compute the salary of the previous year.
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