Comments on: How much should Goldman pay Lloyd Blankfein? http://blogs.reuters.com/breakingviews/2009/12/03/how-much-should-goldman-pay-lloyd-blankfein/ Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: BARTHALIMOO http://blogs.reuters.com/breakingviews/2009/12/03/how-much-should-goldman-pay-lloyd-blankfein/comment-page-1/#comment-1392 Mon, 07 Dec 2009 20:25:10 +0000 http://blogs.reuters.com/columns/?p=1729#comment-1392 Well I am all for getting paid based on worth. The real issue here is how to measure worth. I would feel much better if I could see something tangible. For example, linking his pay to performance objectives which are clearly stated and comprised of smaller intermediate goals/objectives. That why the public, if it really is any of our business, can see that Mr. B. met objectives x, y, and z by fulfilling the requisite goals of each which in turn has generated x-number of dollars for the company.

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By: Hedgie08 http://blogs.reuters.com/breakingviews/2009/12/03/how-much-should-goldman-pay-lloyd-blankfein/comment-page-1/#comment-1391 Mon, 07 Dec 2009 17:54:54 +0000 http://blogs.reuters.com/columns/?p=1729#comment-1391 The profits made by banks this year has nothing to do with bankers’ skills or management’s leadership. In an environment where the cost of money is negligible and the the yield curve is at its steepest in 25 years, a bank would have to be incredibly inept NOT to make money. They have had a free ride since March this year. This year’s bonus pools should NOT be allocated to bankers but given to the Fed and the Treasury (i.e. taxpayers) who have done all of the heavy lifting.

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By: meth http://blogs.reuters.com/breakingviews/2009/12/03/how-much-should-goldman-pay-lloyd-blankfein/comment-page-1/#comment-1390 Mon, 07 Dec 2009 06:02:18 +0000 http://blogs.reuters.com/columns/?p=1729#comment-1390 As much as I agree that bankers get paid way too much, over regulation will not see an end to this sort of corporate greed. After the collapse of Worldcom and Enron earlier in the decade the reaction to that with the introduction of Sarbanes Oxley Act has not made corporate America any more cautious. Remuneration should be based on KPI set against short-term and long-term goals and who better to vote on management performance than the shareholders themselves? No amount of mandated regulation will provide any comfort for the public, if anything, it adds more cost to the business and the shareholders are the ones that end up paying for it anyway. Bring on the binding vote!!

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By: xxxrepub http://blogs.reuters.com/breakingviews/2009/12/03/how-much-should-goldman-pay-lloyd-blankfein/comment-page-1/#comment-1389 Sun, 06 Dec 2009 17:37:44 +0000 http://blogs.reuters.com/columns/?p=1729#comment-1389 Go back to 1980 when a CEO got 20 times what the workers got. Take the pay of the lower 80% of the companies workers, average it, give the CEO 20 times that. Bonus?? Everyone gets the same bonus as a percentage of their pay.

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By: 5wa http://blogs.reuters.com/breakingviews/2009/12/03/how-much-should-goldman-pay-lloyd-blankfein/comment-page-1/#comment-1388 Sun, 06 Dec 2009 15:33:56 +0000 http://blogs.reuters.com/columns/?p=1729#comment-1388 $20 million? What a load of crap. People are out of work, times are tough. Wall Street just doesnt get it. This is the greed that got us in this mess in the first place.

He should take that $20 million and donate it to people without insurance or who cannot afford their hospital costs.

There is a reality out there in America. Its on our backs that you can wake up every morning knowing you have health insurance, several houses, social clubs to attend.

How much is enough?

While my sister worked everyday and could not afford health insurance. Now she has cancer and cant afford to pay for treatment. Do you realize two hours of your $20 million salary would pay for her cancer healthcare costs.

Middle America has no sympathy for your kind!

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By: EdK http://blogs.reuters.com/breakingviews/2009/12/03/how-much-should-goldman-pay-lloyd-blankfein/comment-page-1/#comment-1384 Fri, 04 Dec 2009 18:52:06 +0000 http://blogs.reuters.com/columns/?p=1729#comment-1384 you still don’t have a way to get a good print out of a blog column!

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By: Fin_consultant http://blogs.reuters.com/breakingviews/2009/12/03/how-much-should-goldman-pay-lloyd-blankfein/comment-page-1/#comment-1382 Fri, 04 Dec 2009 13:06:30 +0000 http://blogs.reuters.com/columns/?p=1729#comment-1382 Like the new look of reuters, but looks like formatting issues prevail in this version, cant read words with close proximity to the right pane.

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By: BeeRich http://blogs.reuters.com/breakingviews/2009/12/03/how-much-should-goldman-pay-lloyd-blankfein/comment-page-1/#comment-1381 Fri, 04 Dec 2009 11:20:16 +0000 http://blogs.reuters.com/columns/?p=1729#comment-1381 That’s it. Use a union tactic of demonstrating comparables, instead of providing any evidence for a better measure. If you want proper leadership in a company, erase the bullshit compensations for people who can easily take a position to easily soak up such overblown payments. Then you can actually have a model that’s based upon performance, not convenience.

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By: rhess595 http://blogs.reuters.com/breakingviews/2009/12/03/how-much-should-goldman-pay-lloyd-blankfein/comment-page-1/#comment-1379 Fri, 04 Dec 2009 10:10:52 +0000 http://blogs.reuters.com/columns/?p=1729#comment-1379 The major reason for the income is control of inside infomrmation and access to power, all of which is being abused. Wall Street is rapacious and no longer providing a useful service. They need to be regulated and censured. No one trusts them as they have shown their true natures to be destructive.

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