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Will there be a public backlash in the UK against Goldman Sachs for bonus cap removal by end of 2024?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Major UK news outlets reporting on public sentiment and protests
Story
Goldman Sachs Removes Bonus Cap for Top UK Staff, Allowing Multimillion-Pound Payouts
May 2, 2024, 03:28 PM
Goldman Sachs has decided to remove the cap on bonuses for its top UK-based staff, a policy initially implemented in response to the 2014 public outcry over the financial crisis. This move by Goldman Sachs will allow the firm to offer multimillion-pound payouts to its best-performing traders and dealmakers in London. The bonus cap was originally introduced by the European Union and has been in place since 2014.
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