BUSINESS

Goldman Sachs's Charity Rule: Bank May Force Execs To Donate Part Of Bonus

03/18/2010 05:12 am ET | Updated May 25, 2011

As it prepares to pay out big bonuses to employees, Goldman Sachs is considering expanding a program that would require executives and top managers to give a certain percentage of their earnings to charity.

The move would be the latest in a series of initiatives by Goldman to soften criticism over the size of its bonuses, which are expected to be among the largest on Wall Street, bringing average pay to about $595,000 for each employee -- with far higher amounts for top performers.

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