Griff • Jul 15, 2009 1:23 pm
Goldman posted the richest quarterly profit in its 140-year history and, to the envy of its rivals, announced that it had earmarked $11.4 billion so far this year to compensate its workers.
At that rate, Goldman employees could, on average, earn roughly $770,000 each this year — or nearly what they did at the height of the boom.
Let's see, we bailout AIG who GS was into for what, $20 Billion? Lehman doesn't get bailed so the competition is gone. Throw in some 0% (?) tax dollars and you've got record earnings. I'm just going to assume that the economy is fixed. Supposed to be a Rolling Stone article out on this... GS is smart people who happen to believe in "government service". Conflict of interest much?
edit linky
http://www.nytimes.com/2009/07/15/business/15goldman.html?_r=1&th&emc=th
At that rate, Goldman employees could, on average, earn roughly $770,000 each this year — or nearly what they did at the height of the boom.
Let's see, we bailout AIG who GS was into for what, $20 Billion? Lehman doesn't get bailed so the competition is gone. Throw in some 0% (?) tax dollars and you've got record earnings. I'm just going to assume that the economy is fixed. Supposed to be a Rolling Stone article out on this... GS is smart people who happen to believe in "government service". Conflict of interest much?
edit linky
http://www.nytimes.com/2009/07/15/business/15goldman.html?_r=1&th&emc=th