Goldman pay drops a fifth as profits dive 50pc

[DodgyAgent]

Steady on - any criticism of any bonus of any kind for anyone (or anything else) in the private sector is banned on here by order of Dodgy et al.

And dont you forget it

[d000hg]

It must be so hard, having to get by on only a £1million bonus instead of £2million. How do the bankers manage?

Let's remember that when you're on £500/day and get told you're facing a 10% cut to "only" £450/day.

[Peoplesoft bloke]

Change company to economy and Bankers to ALL Politicians

Fixed

[BrilloPad]

Aye, and they have audacity to say they were not bailed out.

Also they've turned into "proper" bank in order to qualify for Fed's loans.

They should have gone bust like Lehman along side with a few others.

They never wanted the money - neither did JP Morgan. They took it to show solidarity.

They would not have gone bust.

[BrilloPad]

Goldman Sachs Enters £8bn 'Parallel Pay Universe'

"A spokesman for the Robin Hood Tax campaign said: 'When even in a bad year each Goldman employee pockets an average of $367,000 – nearly 10 times the average UK salary – it is proof that banks live in a parallel universe to the rest of us'."

Why should they care what American banks do? We should be grateful that they come to the UK instead of elsewhere.

[darmstadt]

You are underestimating how much clout GS has over the US politicians. Most often GS CEO goes on to be the US treasury chief or something. They should have folded during the credit crunch but convinced the US govt that AIG had to be bailed out.

Europe too:

Mario Draghi, governor of the European Central Bank and Mario Monti, the Italian Prime Minister ar eboth ex-employees.

But they do try hard to protect the bonuses:

Goldman Sachs announced 1,000 layoffs in July 2011 in an effort to cut expenses up to $1.2 billion.

[Peoplesoft bloke]

Goldman Sachs Enters £8bn 'Parallel Pay Universe'

Why should they care what American banks do? We should be grateful that they come to the UK instead of elsewhere.

Grateful? How?

If we aren't supposed to care what they do why would we need to be "grateful"

[DodgyAgent]

Grateful? How?

If we aren't supposed to care what they do why would we need to be "grateful"

Are they obliged to come here then?

[sasguru]

This ain't capitalism - of anything this is more like communism where workers own the place of work, only this one is a public company traded on NYSE!

Quit moaning. The state supported you with handouts for years before you got your crappy, failing company off the ground.

[Peoplesoft bloke]

Are they obliged to come here then?

Of course not - but flip to being "grateful" - they are surely the last people who'd be here if there wasn't a significant amount in it for them - so sod being "grateful". They are here cos they can screw something out of it - fair enough but no need to be "grateful" - they'll be off as soon as they see a better opportunity to help shaft someone else's economy.