(Reuters) - Many partners at Goldman Sachs Group
Some employees in Goldman Sachs' fixed-income trading business will see their pay shrink by 60 percent, with some workers not getting a bonus, the report said.
For the typical Goldman partner, pay for 2011, including base salary and bonus, is likely to range from $3 million to $6.5 million, compared to at least twice that much in better years, the report said, citing sources.
As the largest U.S. investment bank with the highest compensation rate among its peers, Goldman is often held up by critics as a sign of Wall Street excess.
(Reporting by Saqib Iqbal Ahmed in Bangalore; Editing by Matt Driskill)