http://money.cnn.com/2011/10/18/markets/thebuzz/index.htm
If a company discloses that its profits plunged by nearly 75%, why are its compensation expenses only down about 25%?
I was not a math major in college. Or even economics for that matter. But something seems off. Yet this is what Goldman Sachs (GS, Fortune 500) reported Tuesday morning. And that, in a nutshell, is why the Occupy Wall Street movement isn't going away.
Goldman Sachs posted a big loss in the third quarter. As a result, the not-so lovable vampire squid's profits for the first nine months of the year were $1.5 billion, down sharply from $5.5 billion in the same period a year ago.
