Comments on: Don’t feel sorry for Goldman management

By: larry

larry — Wed, 16 Dec 2009 15:34:42 +0000

I guess moving to the Tech Bubble compensation model is an improvement… no matter how modest it is. Stock options for everyone, including the receptionist.

By: KidDynamite

KidDynamite — Wed, 16 Dec 2009 13:23:07 +0000

yes, Tim, but as you know the point is to make it so that if GS turns out to be another Lehman/Bear in two years, at least these LATEST bonus payments won’t further enrich the executives if the stock becomes worthless or nearly so.

i don’t think the goal was to have a “material effect on executive’s finances” at all -it’s to align the compensation with the risk that’s still on the books.

By: bsneath

bsneath — Wed, 16 Dec 2009 10:32:53 +0000

A year ago it was argued that the bailouts were needed to avoid a systemic collapse. So what is the reasoning for continuing to bail out banks at taxpayers expense? This is sickening beyond belief.

By: Robespierre

Robespierre — Wed, 16 Dec 2009 10:32:12 +0000

But wait it gets better.. Don’t they get to sell their stock tax free once they accept the jobs at the Treasury that they always get? Since the CEO of JPM is lobbing for that Treasury secretary post (for instance) doesn’t he get to sell all his shares tax free? Isn’t that a way for the fat cats to cash out for free?

By: Deus Ex Macchiato » Recovering your anger, fixing the system

Deus Ex Macchiato » Recovering your anger, fixing the system — Wed, 16 Dec 2009 08:53:06 +0000

[...] table, from Yahoo via the Big Picture, should do it. These are just stock holding, not total wealth. One should probably assume that the [...]

By: wunsacon

wunsacon — Wed, 16 Dec 2009 07:10:49 +0000

I accept all told-ya-so’s.

By: wunsacon

wunsacon — Wed, 16 Dec 2009 07:08:19 +0000

>> the huge tax break the BS Obama admin just gave Citi just drives me completely and totally bug-fucking nuts.

Me, too. “Oh, ‘bama…” just lost my vote.

By: alfred e

alfred e — Wed, 16 Dec 2009 05:48:51 +0000

Recently I’ve been the frog swimming around in the water knowing I have no control over the eventual temp. Just being thankful for another day before the heat gets turned up.

But this shit just plain old curdles my cream.

And to read tonight about the huge tax break the BS Obama admin just gave Citi just drives me completely and totally bug-fucking nuts.

The elites are rubbing the Sheeples’ noses in their shit and laughing about it all the way to the bank.

And Drama Queen BS Obama is staying above the fray. Well he’s still tasting something bad, and it’s still that useless taxpaying voter that’s not important.

By: Steve Barry

Steve Barry — Wed, 16 Dec 2009 04:22:01 +0000

Safe to say Goldman is TBTF…not so for many others. FDIC doubling budget for next year…

http://www.bloomberg.com/apps/news?pid=20601087&sid=arQEV.zQ0wMY&pos=5

By: Snickers

Snickers — Wed, 16 Dec 2009 03:36:22 +0000

On this one, I’ll take the cup as half-full.

This is not a PR move. It amounts to giving a reach-around to the past and the partner-owned model.

I’m with Volker, this mess is about corporate governance as much as anything else. (For every mention of “moral hazard” read “corporate governance” and it’ll make a lot more sense. He does comment in plain English about the relationship between board members at financial institutions and the activities of these institutions.)

GSEman is ahead of the curve and that’s cool. But they’re still taxpayer-financed terrorists in possession of WMDs so I guess things could be better.

“Wake up, gentlemen.”
http://online.wsj.com/article/SB10001424052748704825504574586330960597134.html