Goldman Sachs CEO gets triple salary, $12.6 million shares after net income plunge

[somone]

http://www.reuters.com/article/2011/01/29/us-goldmansachs-pay-idUSTRE70R8FP20110129

Goldman CEO gets salary boost, $12.6 million shares
By Elinor Comlay and Dan Wilchins

(Reuters) - Goldman Sachs Group tripled Chief Executive Lloyd Blankfein's base salary and awarded him $12.6 million of stock, even after the bank's net income plunged last year.

Blankfein is receiving base pay of $2 million effective Jan 1, up from $600,000, he company said in a filing.

The shares awarded to Blankfein amount to a 42 percent increase from the all-stock bonus he received for 2009, and are the latest sign that U.S. banks are moving away from some of the austerities imposed by the financial crisis.

Legislators, regulators, and others pressed banks to reduce bonuses for 2009, soon after the financial system was rescued by more than a trillion dollars of support from the U.S. government. Many critics complained that banks privatize their profits and socialize their losses. Big bonuses paid for 2009 would have intensified public outrage...

[Angry Dragon]

1. At one time he did say he was doing god's work

just did not say which god

[DCKit]

2. Priapus. nt

[Angry Dragon]

8. Thank you

I like learning about gods..........

[notesdev]

3. God's work doesn't come cheap, apparently

[neverforget]

6. Mammon

[Leftist Agitator]

4. Lloyd Blankfein to the "little people":

"Qu'ils mangent de la brioche!"

Fuck off and die you rich cocksucker. Slowly, in a fire, or preferably from noma pudendi (look it up).

[golddigger]

5. Well, Goldman Sachs is president of the United States.

[Synnical]

7. And the elite in Davos win again. n/t