Goldman CEO says he sees ‘real wage inflation everywhere’ after 33% jump in pay expenses

(CNBC) Wall Street firms are playing catch up with employee compensation, boosting pay in the second year of a deal-making and trading boom. That’s what Goldman Sachs CEO David Solomon conceded on Tuesday during a conference call with analysts to discuss the bank’s fourth-quarter results. At one point during trading, shares of the bank had fallen more than 8% after a jump in quarterly expenses took investors by surprise.

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