Saturday, December 22, 2007

Goldman Sacks CEO Bags $67.9 Million Holiday Bonus!

If there was any wonder why the rich are getting richer in America, here is a great example. Lloyd Blankfein, CEO of Goldman Sacks will be celebrating Christmas this year with a tidy $67.9 million dollar bonus. That’s $67,900,000 comprised of cash and some restricted stock. Exorbitant? Maybe but Goldman Sacks seems to have avoided the sub-prime mortgage debacle and perhaps that is the reason for the wad of cash?

Of course there is no evidence that Blankfein actually was instrumental in making GS a %5 gain this year, but who know? Personally I think it’s bonuses like this that are turning our country back to the gilded age where there was very little middle class, just fabulously wealthy and the working poor. Wonder if he is planing to build another Vanderbilt Mansion?

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