Everything great in the world is done by neurotics; they alone founded our religions and created our masterpieces. ~Marcel Proust
Wednesday, January 19, 2011
Why Is This Man Smiling?
This is Lloyd Blankfein, CEO of Goldman Sachs. He is smiling because Goldman Sachs only reported a profit of a couple billion this quarter.
The employees of Goldman Sachs took home a little over 15 billion in compensation and bonuses. When you hand out all of that government fueled largesse- it gives you and your employees a chance to grab as much as you can. After all, you deserve it.
That way you don't have to bring those profits down to the bottom line or distribute them to shareholders.