Goldman Sachs CEO gets $100million payday
Posted by Media Outrage on March 9, 2008
This is bananas.
Via Nypost:
It pays to be king of the Street.
Goldman Sachs is awarding a whopping $100 million payday to its chief, Lloyd Blankfein – for making a big killing while the rest of Wall Street’s banks got clobbered by their wrong-way bets.
It’s the second year in a row that Blankfein, 53, has won the paycheck derby as Wall Street’s highest-paid chief – nearly doubling his prior year’s $54.7 million compensation, also an industry record.
In December, Goldman said in an SEC filing that Blankfein would be awarded $67.9 million. But a Reuters review of regulatory documents filed yesterday found that his pay package jumped significantly thanks to the vesting of stock.
His pay package for 2007 breaks into two huge parts: basic pay and bonuses totaling $53.97 million and another $45.76 million windfall from the vesting of stock, according to the filings.
interstate said
http://www.gts-furniture-removals.com.au
lifeislife said
the three ceos of countrywide are getting away with $460 million, screwing the common man’s. What do you say about that??
Josh's Auntie said
Life can be so cruel sometimes. Look at that silly smug on his face..I guess I’d be smiling too if I was him.
FallenStarNBabylon said
There needs to be some sort of cap on these types of things. You have people working for these companies who only make like $7/hr; raise the salaries of those who need it.
Goldman Sachs Using Bailout Money To Pay For Bonuses « Media Outrage said
[...] greedy ass people never stop. Above is a picture of Goldman Sachs CEO Lloyd Blankfein. It seems as though Goldman Sachs and Morgan Stanley are scheduled to pay out bonuses of $6.85 [...]
2020VIZN said
This money came out of our pockets. I knew from the begining that these rich bastards were gonna be taking that bailout money and heading for the hills. And now Bush wants to sell nuclear technology to the Eiddle East the will surely end up in the hands of Iran. This dude is incredible.
JUICEE said
That guy that threw that shoe at bush, i wish he wouldnt of missed, if it had of been me, i wouldnt of missed, he would of left out of there with a knot on his forehead right in the center, big as his nose, BIGGER!!!!!!
stillhere4u said
Lloyd Blankfein claims he is doing God’s work. Beyond the obvious problems, such as his firm’s continued risky trading and the questionable use of the bank’s alum working as high government officials, there is the presumption involved in how he views his work on a divine scale. For more on this, pls see http://deligentia.wordpress.com/2009/11/13/gods-gold/