Goldman to investors: No soup for you

When it comes to dividing the spoils at Goldman Sachs, the firm is making sure employees get hearty helpings, while shareholders are left with crumbs

When it comes to dividing the spoils at Goldman Sachs, the firm is making sure employees get hearty helpings, while shareholders are left with crumbs.

The Wall Street titan posted a disappointing first quarter. Revenue in Goldman's core fixed-income trading division fell 63% sequentially and 53% year-over-year due to reduced trading activity and economic uncertainty. That, along with weakness in its lending-and-investing division, led to an 18% year-on-year decline in overall firm revenue.

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