Goldman's Bonuses Excite Forex Traders But Salaries Remain Flat
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NEW YORK--Bonus expectations for US forex staff this year have been buoyed up by the announcement of Goldman Sachs results, released in December.
Goldman Sachs--the first house to announce bonus results for 1999--has set a trend likely to be followed by other banks, say recruiters.
Senior staff have been well rewarded, but lower down the scale, traders and dealers have seen their share of the bonus pool shrink.
"It's been another good year for foreign exchange, and compensation has been
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