Goldman Sachs pay and bonus pool hits $13bn

[AtW]

Its not too late to bin SKA , and apply for the post of squadron leader on the 43,000 ton, Nuclear powered GSS 'Equity'

"Bailout"

[AtW]

If they are creaming too much off their customers then that's where competition and regulation comes in.

It's shareholders who get shafted - owners of the business, labour costs in banking are totally out of control with staff deciding how much to pay themselves and shareholders getting bog all.

[sasguru]

It's shareholders who get shafted - owners of the business, labour costs in banking are totally out of control with staff deciding how much to pay themselves and shareholders getting bog all.

And in a free market what will happen is that shareholders will stop holding banking shares.
The fact that they continue to do so should tell you all you need to know.
Now run along boy, there's some SKA code that you probably need to tweak.

[d000hg]

What is it to you lot what a private company does?

GS is a publicly traded company - owned by shareholders, not staff who seems to help itself to the money at the expense of shareholders.

Nobody forced people to buy shares in GS. If they don't like the way the company operates they should sell their holdings and buy shares in a different sector.

Also, how much work have shareholders put in to claim they deserve more than those who work for the banks?

[AtW]

Nobody forced people to buy shares in GS. If they don't like the way the company operates they should sell their holdings and buy shares in a different sector. Also, how much work have shareholders put in to claim they deserve more than those who work for the banks?

Idiot - all taxpayers now shareholders by virtue of bailing them out only we got feck all shares but we still pay for failures of the banks that were facilitated by their bonus rules.

[sasguru]

Nobody forced people to buy shares in GS.

WHS.

Our Russkie friend cannot grasp the free market. Ironic for someone who started his own company.
But no doubt the professionals will get rid of him after a suitable time frame and appropraite payout, if it's succesful

[sasguru]

Idiot - all taxpayers now shareholders by virtue of bailing them out only we got feck all shares but we still pay for failures of the banks that were facilitated by their bonus rules.

GS paid the money back with a good return for the government. Or can't you read?

[AtW]

GS paid the money back with a good return for the government. Or can't you read?

They insured debt with AIG which was heavily bailed out and did not pay back, had AIG failed so would have GS - effectively they are only here because AIG was saved, and they should pay for it as well.

[sasguru]

They insured debt with AIG which was heavily bailed out and did not pay back, had AIG failed so would have GS - effectively they are only here because AIG was saved, and they should pay for it as well.

That's the governments fault, if they didn't insist on
1. the structure that would stop that happening.
2. collecting more money after the event if they thought it appropriate.

Goldman Sachs job is to make money, which they're good at, hence why they have shareholders.

HTH

[AtW]

Goldman Sachs job is to make money, which they're good at, hence why they have shareholders.

No, they were not good at it - they had to change bank type to retail in order to qualify for bailout, and ultimately they would have failed had AIG failed - it insured their tulip debts, GS and others got repaid money from AIG that was bailed out - effectively massive cash went to GS and others whilst not looking as bailout, but it sure as hell was and still is massive bail out.