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Goldman Sachs ponders $1bn charity donation
Telegraph UK ^
| 13 Oct 2009
| James Quinn
Posted on 10/14/2009 3:50:16 PM PDT by opentalk
Goldman Sachs is considering donating in excess of $1bn (£627m) to charity in an attempt to quell the growing furore over the likely size of its 2009 bonus pot. The investment bank which is set to report its results for the three months to September on Thursday, is understood to be giving serious thought to some form of large philanthropic donation.
The aim of the donation, first disclosed by Henry Blodget's Business Insider blog, would be to deflect the likely row come at the end of the year. By then Goldman's total compensation pot is expected to be a record $22bn, delivering average pay and bonuses of more than $700,000 per employee, higher even than the average $661,000 paid out in 2007 – its last record year. The bank's partner managing directors – a top-tier of approximately 300 senior bankers who tend to be its biggest money-earners – are believed to be discussing the plan as one of a number of ways of deflecting political and investor backlash over the eventual size of the bonus pool.
(Excerpt) Read more at telegraph.co.uk ...
TOPICS: Business/Economy; Crime/Corruption; News/Current Events
KEYWORDS: bonus; charity; fundingtheleft; goldmansachs; philanthropy; tarp
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1
posted on
10/14/2009 3:50:16 PM PDT
by
opentalk
To: opentalk
How about provide a bailout to the American people since you know, we bailed you out and all..... =.=
2
posted on
10/14/2009 3:53:20 PM PDT
by
cranked
To: opentalk
3
posted on
10/14/2009 3:53:36 PM PDT
by
DonaldC
(A nation cannot stand in the absence of religious principle.)
To: opentalk
Must be a good year for fleecing suckers.
4
posted on
10/14/2009 3:54:25 PM PDT
by
jwalsh07
(Ask not what you can do for your country, ask what you can do for Obama.)
To: DonaldC
How about the “Rush Limbaugh NFL Bid Legal Defense Fund.” That ought to irk a few DUers.
5
posted on
10/14/2009 3:54:29 PM PDT
by
Callahan
To: opentalk
Why are these welfare queens still in business... on OUR dime.
6
posted on
10/14/2009 3:55:10 PM PDT
by
pnh102
(Regarding liberalism, always attribute to malice what you think can be explained by stupidity. - Me)
To: opentalk
Just how much HAS GS given to ACORN in teh last ten years?
7
posted on
10/14/2009 3:56:42 PM PDT
by
MHGinTN
(Dems, believing they cannot be deceived, it is impossible to convince them when they are deceived.)
To: opentalk
Is Acorn the recipient of our money?
8
posted on
10/14/2009 3:58:03 PM PDT
by
freekitty
(Give me back my conservative vote; then find me a real conservative to vote for)
To: pnh102
Why are these welfare queens still in business... on OUR dime. I guess the pay czar doesn't apply to them. They should be audited along with the FED.
9
posted on
10/14/2009 4:00:56 PM PDT
by
opentalk
To: opentalk
Send a check to every tax payer as a think-you for bailing them out. That would be what? Maybe 10 bucks each. Wow, I’d forgive them of their fraud. (sarc)
10
posted on
10/14/2009 4:02:15 PM PDT
by
Need4Truth
(Who can reprogram the Branch Carbonians?)
To: opentalk
Will Hank Paulson be getting a bonus this year?
11
posted on
10/14/2009 4:03:09 PM PDT
by
Will88
To: opentalk
The thing Goldman's president and board needs to cure their problem:
12
posted on
10/14/2009 4:04:53 PM PDT
by
org.whodat
(Vote: Chuck De Vore in 2012.)
To: opentalk
I guess the pay czar doesn't apply to them. They should be audited along with the FED.I still believe that had all these companies simply been allowed to fail, there would be few long term negative impacts on the economy.
13
posted on
10/14/2009 4:06:55 PM PDT
by
pnh102
(Regarding liberalism, always attribute to malice what you think can be explained by stupidity. - Me)
To: cranked
Redistribution of wealth.
14
posted on
10/14/2009 4:07:21 PM PDT
by
Freddd
(CNN is not credible.)
To: opentalk
Only if the stock price goes up. A Board has fiscal responsibility to increase stock to share holders.
15
posted on
10/14/2009 4:08:10 PM PDT
by
edcoil
(If I had 1 cent for every dollar the government saved, Bill Gates and I would be friends.)
To: opentalk
Timmy Geithner making sure that his company gets money AND still pays out what it wants to in bonuses. Where’s Zero’s Pay Czar when you need him?
To: opentalk
how about giving it back to the people you stole it from
17
posted on
10/14/2009 4:12:19 PM PDT
by
paul51
(11 September 2001 - Never forget)
To: opentalk
Wait’ll the rat bastards cash in on being the broker for the Cap & Trade scam.
18
posted on
10/14/2009 4:15:18 PM PDT
by
6SJ7
(atlasShruggedInd: ON)
To: opentalk
I shoulda been an “investment banker”.
To: cranked
"How about provide a bailout to the American people"
How do you know that the recipients of the charity are not Americans?
As fat as I remember, GS did not need a bailout but, just as the other banks, had no choice in the matter.
20
posted on
10/14/2009 4:18:11 PM PDT
by
TopQuark
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