The public outcry against the Goldman Sachs bonus pay forced them to cut down their financial rewards to their employees. They were expected to give away $23 bn as bonuses this year. However, considering the people's protest, goldman announced that it would pay senior staff in the form of shares over a five year period instead of cash bonuses. The protest against the paying of cash bonuses same after British government decided to impose 50% tax on bonuses. “Goldman Sachs is worried. They’re worried about the public reaction to bonuses they’re paying in the worst recession since the war,” said the leader of a protest campaign.