Tuesday, March 23, 2010

Goldman Sachs execs' kids pull in big allowances

The New York Post reports:
At Goldman Sachs, being related to the boss pays -- and handsomely.

Less than two years after graduating from Harvard University, Lloyd Blankfein's son, Alex, fetched a hefty $155,000 in compensation last year, according to a filing from Goldman Sachs, for his work in cross-asset sales, or selling various products to clients.

For someone who graduated in 2008, that's not too shabby, especially considering the average salary for a recent college graduate in 2009 was about $49,000, according to the National Association of Colleges and Employers.