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Goldman curbing pay despite big revenue gains

Experts say similar changes are happening across Wall Street

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IN THE MONEY: Goldman's average compensation per employee has been left largely unchanged from last year. Meanwhile, Morgan Stanley's maximum target for compensation is a percentage of revenue.

BT_20141018_GOLD18A_1325742.jpg
IN THE MONEY: Goldman's average compensation per employee has been left largely unchanged from last year. Meanwhile, Morgan Stanley's maximum target for compensation is a percentage of revenue.

New York

TOP Goldman Sachs Group executives are determined to keep compensation costs under control. And that means even when the bank's revenue spikes higher, bankers' bonuses won't.

On Thursday, Goldman reported a 25 per cent increase in quarterly revenue, but the money it set

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