Relevant:
- Goldman top executives to take bonuses in stock
- Goldman Change to Bonuses Helped Cut Compensation Costs in 2008
- Yes, Obama is Getting Serious About Banks. He is Now Calling Them Bad Names!
- Goldman Execs to Get $111 Million in 2007, 2009 Bonuses
- Americans Oppose Bonuses for Wall Street Bailout Beneficiaries
2009-12-12 — ml-implode.com
" Did you see the latest news about Goldman Sachs and the $16.7 billion in bonuses they had been planning to give out this year? Well, they’re still giving the bonuses, but not in cash… stock options instead. Why do you suppose that is? It’s because our representatives have been flooded with letters and calls all year long related to the egregious bonuses at Goldman, AIG and the numerous others. And the political pressure in a midterm election is intense. Congress doesn’t want to go home to campaign and find people standing around holding pitchforks and torches."
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