Why $70 Million Wasn't Enough

Why $70 MillionWasn't Enough
With Wall Street Rules Changing,A Goldman Star Felt Underpaid;Throat Lozenges for 100 Days
By MONICA LANGLEYAugust 18, 2007; Page A1

New York
Mark McGoldrick earned about $70 million in pay last year -- nearly $200,000 a day -- placing bets using Goldman Sachs Group Inc.'s money. He was one of Goldman's highest-paid employees.

Turns out it wasn't enough.
Internally dubbed "Goldfinger" for running one of Goldman's most-profitable units, Mr. McGoldrick delivered a big chunk of the firm's 2006 profits, people familiar with the matter say. He co-founded and built the firm's secretive "special-situations group," Goldman's elite but opaque money-making machine that buys and sells eclectic assets including British power plants, Japanese golf courses and Thai auto loans.

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