financial surprises 22/7/09

Goldman has set aside $6.65 billion in the quarter for compensation and benefits, or $226,156 per employee. Projected over a full year, that is $904,624 per employee.

In the second quarter, Morgan Stanley’s compensation expense of $3.88 billion was 72 percent of the quarter’s $5.41 billion of revenue.

JPMorgan Chase & Co. set aside $6.01 billion in the first half for investment bank employees’ compensation.

kns... does e banks know wat they are doing?

Another surprise news...
Goodyear, the upcoming CEO of Temasek has resigned.