"It's really ugly," says a Goldman Sachs (GS) employee, where it's bonus day today. "It's a...

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

"It's really ugly," says a Goldman Sachs (GS) employee, where it's bonus day today. "It's a bloodbath ... there are a lot of clenched jaws," says another. More chatter says bonuses are lower across the board, with the fixed income desks hit hardest, but at least base salaries aren't being cut.