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Bank accused of ‘breathtaking arrogance’ after handing 121 UK staff payouts totalling £370million

Bank accused of 'breathtaking arrogance' after handing 121 UK staff payouts totalling £370million

It’s a very Happy New year for Goldman Sachs fat cats!:

One of the world’s biggest banks was accused of breathtaking arrogance yesterday for handing a £367m pay bonanza to its London staff.

The staggering sum is being shared out among 121 Goldman Sachs bosses and traders – at an average of £3million a head.

Campaigners said the payouts were obscene and accused the Wall Street bank of ‘sneaking the details out while no one is watching’.

The salary packages equate to nearly £60,000 a week – more than 120 times the average wage.

Deborah Hargreaves of the High Pay Centre said: ‘This is a classic case of trying to bury bad news.

‘This behaviour just underlines the breathtaking arrogance of the banking industry which thinks it can get away with anything.’

Read More: Bank accused of ‘breathtaking arrogance’ after handing 121 UK staff payouts totalling £370million