Goldman Sachs partners cap reward packages at £1 million each

Goldman Sachs' 100 UK-based partners are capping their 2009 pay and bonus packages at £1 million each in a show of restraint, it has been reported.

The partners will give up several hundred million pounds in an attempt to ease public anger at huge payouts in the recession.
 

It’s untenable to have a normal retirement age in public-sector schemes that is significantly different from the state retirement age

Brian Bailey, Director of pensions, West Midlands Pension Fund and member of High Pay Commission