Goldman Sachs’s CEO received a $9,000,000 bonus (non-cash) for holding the investment back together last year. This bonus is significantly less that his $68,000,000 bonus in 2007.
How to sound out of touch:
“It takes a lot of the oxygen out of the argument that Goldman’s top of the house is overpaid,” said Brian Foley, an independent compensation consultant in White Plains. “For running an organization that big, and bringing it through the way he did, nine million is not a lot of money.”
Nine. Million. That’s a lot of money. It may not be worth $9,000,000 when the CEO can sales the stock, but even if it is worth half that, its still more money than most people make.
It is crass to say that $9,000,000 is not a lot of people when people are losing their homes or are struggling to stay in their homes.
$9,000,000. That’s earning $4,326.92 per hour.
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One Comment so far. Comments are closed.Thanks for posting the article, was certainly a great read!