Description:  Goldman Sachs Group Inc., the fifth- biggest U.S. bank by assets, named the smallest group of new managing directors since 2008 as the firm cuts jobs and grapples with declining revenue.

Source: Businessweek.com

Date: 11/19/2011

Link:  http://www.businessweek.com/news/2011-11-19/goldman-sachs-names-261-managing-directors-fewest-since-2008.html

Questions for discussion:

• What does this report suggest to you about the thinking on managing directors and their compensation?