Why $70m wasn't enough to keep 'Goldfinger' at Goldman

Investor felt underpaid as Wall Street changed; 100 days of lozenges

(The Wall Street Journal) -- Mark McGoldrick earned about $70m (€52m) in pay last year -- nearly $200,000 a day -- placing bets using Goldman Sachs' money. He was one of Goldman's highest-paid employees. Turns out it wasn't enough.

Internally dubbed "Goldfinger" for running one of Goldman's most-profitable units, Mr. McGoldrick delivered a big chunk of the firm's 2006 profits, people familiar with the matter say. He co-founded and built the firm's secretive "special-situations group," Goldman's elite but opaque money-making machine that buys and sells eclectic assets including British power plants, Japanese golf courses and Thai auto loans.

WSJ Logo
How Trump Got His ‘Big, Beautiful Bill’ Across the Finish LineExternal link

How Trump Got His ‘Big, Beautiful Bill’ Across the Finish Line