Goldman Sachs (NYSE:GS) is under scrutiny for how it will give out up to $20B in bonuses. According to CNBC’s Charlie Gasparino, the bank, which received $10 B in federal bailout money last year, will likely either give away most of its bonuses in the form of stock, not cash, or significantly increase its charitable donations to try to minimize a backlash from Wall Street critics.
One year after receiving the bailout funds from the government, sources told CNBC that both top and lower-level executives will likely see a rise in their stock compensation. Gasparino said also that the firm my raise public profile of CEO Lloyd Blankfein to combat bonus scrutiny.
Goldman is expected to report quarterly earnings of over $2 B on Oct.15.