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Saturday, January 21, 2012

Goldman Sachs Employees On Bonus Day: 'It's A Bloodbath'

Reports are creeping out that yesterday's bonus day wasn't all fun and games at America's most iconic investment bank.

 Goldman's profits fell in 2011, in the final quarter alone by as much as 58 percent from the same period a year earlier. As a result, the investment bank set aside 21 percent less for compensation and benefits, according to Bloomberg News. And at least some Goldman employees had something to say.

 "It's a bloodbath," a midlevel Goldman Sachs employee said in an interview with CNBC. "One girl was actually crying, I think," another Goldman employee said according to the report.

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