Tuesday, September 16, 2008

Nintendo v Goldman

According to calculations by the Financial Times, the average employee at Nintendo is on track to earn more for their company this year than the average Goldman Sachs employee did in 2007, the investment bank’s best ever year.

Before tax and before pay, the average Goldman employee generated US$1.24m in profit last year, based on the company’s accounts. After Nintendo upgraded its earnings forecast, the FT estimates each staff member will produce more than $1.6m in profit this year.

There is no comparison when it comes to employee salaries. At Goldman the mean employee walked away with compensation of $660,000 in 2007 – about half of the profit they generated – the average salary at Nintendo was just $90,900.

1 comment:

Dee said...

Silights is giving me some insight to the financial side of the world which i hardly want to read about on the papers and will conveniently read off from other ppl's blog. no food pics, its ok, it will bore me if your blog content is similar to sleepyanimal's.