Goldman Plans New Bonuses as Banker Pay Keeps Rising

The transcript discusses the compensation trends in major banks, focusing on the increased pay for senior bankers and its implications for junior bankers. It highlights the shift towards rewarding top talent, especially at Goldman Sachs, and explores the potential impact on junior bankers' aspirations and the middle ranks. The discussion also touches on the rationale behind special equity rewards and the banks' performance during the pandemic.

Discuss the potential impact of elevated pay on junior bankers' aspirations within the company.

What changes in the banking industry have influenced the current compensation trends?