By Jennifer Glickel
DNAinfo Reporter/Producer
MANHATTAN — Santa Claus may be coming to town next month, but he won't be paying a visit to Goldman Sachs.
Executives at Goldman Sachs informed their employees this week that the investment bank will not be hosting a corporate Christmas party this year.
It's the second year in a row that the bank has canceled the party "in an attempt to keep a low profile," according to InvestmentNews.
Goldman is limiting the spread of holiday cheer even more by reportedly forbidding employees from funding their own parties.
The banking giant has long been criticized for its hefty bonuses, which has only intensified recently with the company reporting third-quarter profits of $3.19 billion just a year after accepting $10 billion in federal aid to survive the financial crisis, the New York Times reported.
Despite the bleak economic climate, Goldman Sachs plans to reward its executives with even greater year-end bonuses in 2009 than it did in 2008, with $5.35 billion going toward compensation. That's 84 percent higher than last year, according to the Times.
Reuters reports that Goldman Sachs spokeswoman Gia Moron confirmed that the bank will not be throwing a Christmas party this year.
