That's a nice and welcome step by Goldman Sachs top management. I think the pressure of US treasure secretary has yielded this result. All other Banks and financial institutions of US, have to follow the path of Goldman Sachs. This step not only reassures the faith on Goldman Sachs of its shareholders but also a sigh of relief for other investors, clients and fund houses etc attached to the bank directly or indirectly
I would thanks President Obama and his boldness in administrative abilities which was rare among his previous predecessors. I think he has given his message to all the TOP CEO s of all global financial institutions and Banks. The market has also reacted positively to this development announced by Goldman Sachs on bonus issues to it's employees.