The move is designed to reassure investors that there will be no conflict of interest and that analysts pay will not be linked to how well they hype stock belonging to clients of their investment banking division.
Although Goldman has never calculated analyst pay based on a formula related to investment banking income, the firm acknowledged that there was a perception problem amongst investors and the move is designed to underline the integrity of its research.
Goldman Board To Oversee Analyst Comp
Reuters reports that Goldman Sachs has confirmed that a group of independent directors will in future determine what analysts receive at yearly compensation review.
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