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Goldman Pays Up for Talent, Sending Profits Down
Wall Street giant’s compensation expenses soared 33% in 2021
Goldman Sachs continued to benefit from ebullient deal making in the fourth quarter.
PHOTO: GABBY JONES FOR THE WALL STREET JOURNAL
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“There is real wage inflation everywhere in the economy,” Goldman CEO David Solomon said on a call with analysts.
Shares fell nearly 7%.
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