Comments on: Goldman’s monster financial-crisis pay award http://blogs.reuters.com/felix-salmon/2011/01/19/goldmans-monster-financial-crisis-pay-award/ A slice of lime in the soda Wed, 22 May 2013 15:07:22 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: hsvkitty http://blogs.reuters.com/felix-salmon/2011/01/19/goldmans-monster-financial-crisis-pay-award/comment-page-1/#comment-23419 hsvkitty Sat, 22 Jan 2011 18:21:29 +0000 http://blogs.reuters.com/felix-salmon/?p=7007#comment-23419 A comparison to show how scandalous it is (even if you can't see felix's point) http://www.mybudget360.com/financial-elite-dismantled-american-middle-class-average-banking-bonus-goldman-sachs-record-homeless/ Making the connection ... with a little irony ...that this is trickle down economics in action http://www.youtube.com/watch?v=Gl6sPabt9Fw trickle down ... A comparison to show how scandalous it is (even if you can’t see felix’s point)

http://www.mybudget360.com/financial-eli te-dismantled-american-middle-class-aver age-banking-bonus-goldman-sachs-record-h omeless/

Making the connection … with a little irony …that this is trickle down economics in action

http://www.youtube.com/watch?v=Gl6sPabt9 Fw

trickle down …

]]> By: hsvkitty http://blogs.reuters.com/felix-salmon/2011/01/19/goldmans-monster-financial-crisis-pay-award/comment-page-1/#comment-23320 hsvkitty Thu, 20 Jan 2011 17:58:08 +0000 http://blogs.reuters.com/felix-salmon/?p=7007#comment-23320 dbsmith1, the scandal remains that the wages, bonuses and stock options were never curtailed but deferred and are being collected when those who helped 'save' them from feeling the recession or going under are still in the throes of a recession with more hardship and promises of austerity to come. How can you see no scandal there, when the TBTF banks had their hand in the source of the recession. And to further jab at wounds, $15.4bn to pay its staff for 2010, amounting to a possible average of $435,000 per employee.... is a rather staggering amount to those who are losing their homes, on food stamps and unemployed. And there are more deferrals which will also fall during the recession as the economy will not be in recovery for years. I think there are a ton of people like me who see the scandal in it. dbsmith1, the scandal remains that the wages, bonuses and stock options were never curtailed but deferred and are being collected when those who helped ‘save’ them from feeling the recession or going under are still in the throes of a recession with more hardship and promises of austerity to come.

How can you see no scandal there, when the TBTF banks had their hand in the source of the recession. And to further jab at wounds, $15.4bn to pay its staff for 2010, amounting to a possible average of $435,000 per employee…. is a rather staggering amount to those who are losing their homes, on food stamps and unemployed.

And there are more deferrals which will also fall during the recession as the economy will not be in recovery for years.

I think there are a ton of people like me who see the scandal in it.

]]> By: dbsmith1 http://blogs.reuters.com/felix-salmon/2011/01/19/goldmans-monster-financial-crisis-pay-award/comment-page-1/#comment-23292 dbsmith1 Wed, 19 Jan 2011 20:59:29 +0000 http://blogs.reuters.com/felix-salmon/?p=7007#comment-23292 Many of the business blogs are running with this story today but I'm not sure I understand why? It's easy enough, Felix, to speak of how much these options are worth today; when they were granted it was far from obvious that GS stock would ever recover and, indeed, if GS would even continue to exist. A payout of $7-8BB isn't particularly shocking, either, in view of the 2011 bonus pool. I'm not a fan of GS but I don't think there's anything scandalous here... Many of the business blogs are running with this story today but I’m not sure I understand why?

It’s easy enough, Felix, to speak of how much these options are worth today; when they were granted it was far from obvious that GS stock would ever recover and, indeed, if GS would even continue to exist.

A payout of $7-8BB isn’t particularly shocking, either, in view of the 2011 bonus pool.

I’m not a fan of GS but I don’t think there’s anything scandalous here…

]]> By: gringcorp http://blogs.reuters.com/felix-salmon/2011/01/19/goldmans-monster-financial-crisis-pay-award/comment-page-1/#comment-23290 gringcorp Wed, 19 Jan 2011 20:30:49 +0000 http://blogs.reuters.com/felix-salmon/?p=7007#comment-23290 Goldman's last medium term note prospectus was 144 pages. Is 5,000 pages that much? Any associate in the litigation department of a NYC law firm would not be impressed. Goldman’s last medium term note prospectus was 144 pages. Is 5,000 pages that much? Any associate in the litigation department of a NYC law firm would not be impressed.

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