Former Goldman Sachs trader Deeb Amin Salem complains his $8.7 million bonus is way too low

AND they say bankers aren’t greedy. An ex-trader has sued his former bosses for his $8.7 million bonus when he told his mum he was getting $13 million.

NEW YORK, NY - OCTOBER 17: Deeb Salem, Lauren Salem, Sarah Wendell and Kate Reibel attend the Young Patrons Of Lincoln Center's Party On The Plaza at Avery Fisher Hall, Lincoln Center on October 17, 2012 in New York City. (Photo by Eugene Gologursky/Getty Images for Gotham Magazine)

AND bankers wonder why they have such a bad reputation.

A former Goldman Sachs trader has filed a suit against his former bosses over his $8.78 million bonus — one he says was much lower than the $13.8 million he had told his mum he was getting.

Former mortgage trader Deeb Amin Salem, 35, claims he helped earn the bank more than $7 billion over the six years he worked there and was led to believe he would get a $13 million bonus at the end of 2010 for his troubles.

It’s lower than the $15.9 million sweetener he received in 2009 because of a written warning he received over a self-evaluation, Bloomberg reports, but still higher than CEO Lloyd Blankfein.

Ruthless: Goldman Sachs Group chairman and CEO Lloyd Blankfein.

Instead, he got paid $8.78 million and filed a suit against the company that initially demanded more than $21.2 million in compensation, as Salem described himself as one of the “most sought-after investment professionals in the mortgage industry” according to a February hearing.

It’s since been revised back to $10 million plus shares.

A spokesman for the bank said Mr Salem’s claim is “utterly ridiculous.”

A lawyer for Goldman Sachs said he was paid more than $37 million over six years at the bank, more than many of his peers.

“He made a ton of money,” Mr Frackman said at the hearing. “He’s not entitled to more simply because he would like to have been paid more. If that were the case, you’d have traders and bankers in here every day of the week,” he said.

The outcome is due to be decided in September.