On Thursday, Goldman Sachs will release its 3rd quarter results. Obviously, they will be good, since anyone in the financial world on any level has seen massive income this quarter. The bonus money set aside this quarter is likely to be the largest ever. So what does it all mean, Mr. Chief Business Writer at the New York Times? "So should we be upset about the bonuses? Is this a problem?... But we can't have it both ways, either... Mr. Blankfein can't win... The bigger question – the more important question – is whether the enormous sums of money that will be given to Goldman's executives are proper and whether the executives have the right incentives. On this score – putting the large amount to the side for a moment – it is actually hard to argue with Goldman's compensation scheme..... Excluding the eye-popping bonus numbers, no Goldman Sachs executive made more than $225,000 in cash last year.... The company also says... That may be true... Indeed, it is possible... And therein lies the rub." I'm sorry, did you actually try to say anything?
Tuesday, October 13, 2009
4
"Mr. Blankfein can’t win" Au contraire, Mr. Blankfein can ONLY win.
Also, my guess is his bonus is $! million for every minute spent on the phone with Hank.
I believe ARS is the "chief mergers & acquisitions correspondent and editor of "Dealbook" blog of the New York Times" or somesuch nonsense. Regardless, he's a moron.
I thought it was a very accurate depiction of nervous hand-wringing.
It is very difficult to say anything of import with clarity when one is performing fellatio on the subject at hand. Just ask a neighborhood Australian waitress person!