DISQUS

AMERICAblog: Goldman CEO and top execs will not receive 2008 bonuses

  • dad · 1 year ago
    huh, perhaps anything is possible.
  • dad · 1 year ago
    guess he's going to have to stretch that $54 million.
  • Wesinoregon · 1 year ago
    I think capitalism is crashing... That being said, most don't want to admit it. I am thinking a system of part capitalism and socialism. Make as much as you can up to a limit. Then the excess goes to the workers. And put a cap on upper management, CEO's. No bonus's just the work they were paid for to begin with. People are making INSANE amounts of money they didn't work for and that's NOT fair while lower people in jobs do work harder and deserve it more.
  • Indigo · 1 year ago
    Conspicuous consumption comes to a reluctant end. Meanwhile, under-the-table benefits increase. We'll never know the facts now, the veil has been drawn.
  • Older_Wiser · 1 year ago
    Guess those execs will just hav to put off some luxury items (3rd house? Bentley? Yacht?) they were looking forward to...while ordinary Americans are losing everything.

    Well, tough titty; I'd love to see some execs on real welfare before it's over.
  • Indigo · 1 year ago
    Personally, I want to see video of bouncing executives as they smack the Wall Street pavement from a 40th floor executive balcony. Metaphorically, of course. :-)
  • GrMtGirl3 · 1 year ago
    In my opinion NONE of the top executives in all of the major financial companies involved in this breakdown of our financial system should receive bonuses for as long as it takes for them to pay the government back for the bailout provided. No retirement packages as well if they elect to quit rather than face the music!
  • anarchy · 1 year ago
    boo hoo.

    boo hoo hoo.
  • dances_with_beagles · 1 year ago
    and you actually believe this?
  • Fireblazes(cheetohsandcatfood) · 1 year ago
    How will they scrape by on $600,000 this year?
  • RepubAnon · 1 year ago
    I used to work for a company where bonuses were calculated using net profit to-date. In other words, if Jan profits were $100, Feb was a loss of $50, and March showed profits of $25 - the bonus check was calculated on $75 year-to-date profit. That's how it works in the trenches.

    However, these guys were apparently "entitled" to receive bonuses - they just "chose" not to take them in an apparent effort to keep the government cash flowing. What kind of compensation system is that?
  • vkobaya · 1 year ago
    The executives made the decision "because they think it's the right thing to do,

    <smile> <g>Ha, ha! Ho ho! He he! <LOL!> <ROTFL>

    Yeah, right. I believe that. That is why their company is in trouble in the first place. Because they chose the moral, right, good for the company choices. Yep! Integrity first! Honor! Belt tightening!

    Wanna buy a good bridge, only a thousand years old, very historic, storied bridge sung about in songs known by even school chidren? Also have a beautiful golden bridge, and another in the largest city in the world.
  • DavidinPS · 1 year ago
    Don't be fooled by this "gesture". This is like a glutton who has a refrigerator full of pies turning down a piece of cheesecake. I have an acquaintance who works at Goldman Sachs and he gets an ENORMOUS bonus at the end of every year, as do the other brokers who are at his level--which is mid to low.
    What we need to be asking is if ANYBODY at GS, a company that is hemorrhaging red ink, is getting a bonus. I don't know the answer, but I have my suspicions.