$7,000,000,000 Bonuses?
“Goldman Sachs is on course to pay its top City bankers multimillion-pound bonuses - despite asking the U.S. government for an emergency bail-out. The struggling Wall Street bank has set aside £7billion for salaries and 2008 year-end bonuses, it emerged yesterday. Each of the firm's 443 partners is on course to pocket an average Christmas bonus of more than £3million.The size of the pay pool comfortably dwarfs the £6.1billion lifeline which the U.S. government is throwing to Goldman as part of its £430billion bail-out. As Washington pours money into the bank, the cash will immediately be channelled to Goldman's already well-heeled employees.
News of the firm's largesse will revive the anger over the 'rewards for failure' culture endemic in the world of high finance. The same bankers who have brought the global economy to its knees seem to pocketing the same kind of rewards they got during the boom years.”
- http://www.dailymail.co.uk/news/worldnews/article-1081624/Goldman-Sachs-ready-hand-7BILLION
-salary-bonus-package--6bn-bail-out.html
How about YOU? Still have a job? Paid the mortgage this month?
-salary-bonus-package--6bn-bail-out.html
How about YOU? Still have a job? Paid the mortgage this month?
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