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Nope, no cash bonuses. Just a "special stock". I actually laughed out loud at this one. Is it like "special ed"? Are people dumb enough to fall for it? Do they think we are that stupid? Just pay yourselves all you want and roll around in a pile of money.
http://www.nytimes.com/2009/12/11/bu...11goldman.html
With a resurgent Goldman set to award billions of dollars in bonuses — a trove that could rival the record payouts of the bubble years — the bank said that its 30 most-senior executives would be paid in the form of a special stock, rather than in cash. Goldman said that it would also let its shareholders vote on its executives’ pay, although the decision would be nonbinding.
I guess some animals are more equal than others.
http://www.nytimes.com/2009/12/11/bu...11goldman.html
With a resurgent Goldman set to award billions of dollars in bonuses — a trove that could rival the record payouts of the bubble years — the bank said that its 30 most-senior executives would be paid in the form of a special stock, rather than in cash. Goldman said that it would also let its shareholders vote on its executives’ pay, although the decision would be nonbinding.
I guess some animals are more equal than others.
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