Goldman execs skirt higher cliff taxes

The Financial Times reports 10 of Goldman Sachs’ top executives received a cool $65 million in restricted stock mere hours before Congress voted on the fiscal cliff bill, “narrowly avoiding the higher tax rate for those earning more than $400,000.”

The shares are part of bonus packages that usually come in January, and will go nicely with new office space discounted courtesy of – the fiscal cliff bill.

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Fiscal cliff bill subsidizes Wall Street

Goldman Sachs fined $22 million

Rough day for Goldman Sachs

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.