he latest estimates are that Goldman’s total compensation to company employees will total $22 billion, about $700,000 a person. That means that some of the mostsenior
managersat the firm will make tens of millions of dollars.
According toThe Telegraph, “The figures are likely to cause anger in America and Europe among people who are facing big cuts in public spending due to the amount of money governments have spent on bailing out the banks.” Goldman may not care very much about that and neither will most of its shareholders. The investment bank’s stock is up more than 100% this year, while many other bankstocksare still down.
Goldman is the prime example of whether or not the government is willing to leave alone those financial giants that are doing well, even if it is unpopular to see them pay out large bonuses, and focus on the really troubled companies like Citigroup (NYSE:C) and Bank of America (NYSE:BAC). If Goldman is treated like Citi, and Citi like Goldman, something really is wrong.
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