Sunday, January 24, 2010

Keeping it real

Goldman Sachs to put £1m cap on bonuses

Although only a few hundred of Goldman’s 5,000 London employees are likely to be affected, the move could alienate staff and risk a rash of resignations at the bank.

Posted by devo @ 11:01 PM (1308 views)
Please complete the required fields.



6 thoughts on “Keeping it real

  • Goldman Sachs has already announced that senior managers will get their entire bonus package in shares that they will not be allowed to sell for five years or until 2015

    better keep the tyres pumped up then

    Reply
    Please complete the required fields.



  • You know what, we’ve been hearing constant stories of how these banks’ staff will run off for the hills (or the far east, Switzerland, Swaziland etc) for years now.

    And guess what?

    They’re still here, drinking in nasty wine bars, their wives snorting and braying in well-heeled boutiques and clogging up the streets taking Tarquin and Jocasta to school in their Porsche Cheyenne 4x4s.

    And do you know what? After some of their bonuses are clipped to under £1m, they’ll still be here because they work for investment banks so they are already used to taking it over a barrel wearing a ping-pong ball leather gag.

    Reply
    Please complete the required fields.



  • fallingbuzzard says:

    I bet the cap is on the cash non-pension element. Everything above will be shares with a side of cash from a non-interest bearing loan secured against the shares.

    Reply
    Please complete the required fields.



  • Waaaahhhh …. only a million quid in a year

    NOW AIN’T THAT JUST TOO BAD

    Reply
    Please complete the required fields.



  • Absent the bailout, free market economics would have limited bonuses. Currently, the rationing of bailout money will mean more for the directors. They are just doling out loot from we the people. It is the fact that they are in position to make decisions about money they haven’t earned that is the issue, the specific decisions they make is not the issue.

    Reply
    Please complete the required fields.



  • I’m not interested in (what I think is) a super slippery corrupt company, only in what is happening to Timothy.

    The achilles’ heel of an all too powerful collective too big to fail, now even bigger giant.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>