Goldman Sachs chalks up record profits in 2006

The New York-based investment banking company that made the financial arrangements for privatizing the Indiana Toll Road had an exceptional financial year in 2006.

In fact, The New York Times reports that Goldman Sachs did so well, each of its 26,000 employees will end the year with an average of $622,000 in salary and bonuses.

It looks as though Goldman Sachs can afford to be generous – its profits increased to around $9.5 billion this year, up 70 percent from 2005.

Source: Landline magazine

Source: Madurai Money