Those of you trying recoup lost money in the stock market are all too aware of the meltdown of the financial system. At the center of that implosion throughout has been Wall Street investment bank Goldman Sachs.
(Coach K.: Picking this up can mean 9 figures in your bank acct.!)
Goldman, along with J.P. Morgan Chase, is largely regarded as the best-run financial institution in the land, and the WALL STREET JOURNAL reports today that the company has regained its financial footing in past months. (Phew!)
One of guys apparently behind the turnaround is 36-year-old Ashok Varadhan. Varadhan pulls down eight figures annually as a Goldman’s top currency trader and recently purchased a Manhattan condo for $16M. Varadhan’s neighbors now include Denzel Washington and Bob Costas.
The WSJ reports Varadhan made $10M per year during a previous bull stock market, with another report targeting his annual income at $25M when he was just 33.
During these economic hard times, I know you must be very, very happy for banker Varadhan’s outrageous fortune. Right.
But if you’re a college hoops fan, you haven’t heard the worst of it yet. Read more…