Goldman Sachs get 81% higher BonusesWTF!!!!

[undergroundpanther]

Goldman Sachs bankers are forecast to enjoy an 81% rise in their pay and bonuses for 2009, even though the bank may be forced to respond to political pressure by reducing the amount of money it sets aside for employee payouts in the fourth quarter of the year.

Goldman is braced for a furore this week when it completes the US bank reporting season on Thursday, following the row sparked by rival JP ­Morgan when it disclosed on Friday that it would be handing out $9.3bn (£5.7bn) in bonuses and salaries for 2009.

By the time Goldman unveils the size of its bonus pool, Citigroup, Bank of America and Morgan Stanley will all have published their figures. They are likely to show that chancellor Alistair Darling's estimate for £550m of revenue from his 50% bonus tax was too cautious.


http://www.guardian.co.uk/business/2010/jan/17/goldman-sachs-81-per-cent-rise

[Catshrink]

1. Obscene

[Initech]

2. I'll go get my pitchfork...

[Jackpine Radical]

4. I'd get a torch but

I can't afford the kerosene.

[Initech]

7. There's plenty of other things that can burn quickly.

[Jackpine Radical]

11. I suppose it would be inappropriate to suggest hunting down Lardass Limbaugh

and rendering him down into torch fuel.

[undergroundpanther]

12. LOL!!!

I wonder if all the oxycontin he takes will make the torch burn in pretty colors?

[Initech]

15. That might be an environmental hazard.

[mascarax]

9. It's coming to that

I know, I know. We just don't understand how "risky" their jobs are.
I'd take that level of risk with those payouts and golden parachutes.

[Ghost Dog]

14. Enough baseball bats would probably do the job,

perhaps more humanely.

[Initech]

16. How about a board with a nail in it?

[Ghost Dog]

17. Point being, to avoid unnecessary suffering, while imposing justified

penalties and recovering the power of the people, no?

This is the 21st Century, after all, or so we used to perhaps naively believe.

:hug:

[skids]

3. Martha Coakley socked Goldman for a $60 million penalty, it turns out.

Just sayin :-)

[glinda]

6. they then pass it on to the people....fines and crap mean nothing

[skids]

8. Gee, that's right out of the Brown campaign's talking points...

Yes, they can pass it on to the consumer. But in doing so, they make their product more expensive compared to those offered by local banks, and as such they lose market share.

Capitalism is a double-edged sword (with a double-edged handle)

[glinda]

19. I would like fines only if they freeze banks ability to schlepp it off to the people.

[Name removed]

5. Deleted message

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[SammyWinstonJack]

10. Nice!

x( Going to get our money back though, right after these huge bonus pay outs. :evilgrin:

[kentuck]

13. I can think of a couple of laws that Congress could pass today.

First of all, tax all bonuses above a quarter-million dollars at a 75% rate.

Then, make a new financial treaty with countries and islands where these folks have been hiding their money. For example, Cayman Islands, Costa Rica, Switzerland, Malaysia, and a few others. We, the People, thru our Congress, have the power.

[Marblehead]

18. sickening n/t

[TexasObserver]

20. Recommend