You're now on the archive server. Commenting has been disabled.
272 Goldman Staffers Promoted To Managing Director
Not a bad time to allocate the last big bonus on Wall Street to as many people as possible. According to Down Jones, "Chief Executive Lloyd C. Blankfein and President Gary D. Cohn said in the email that those named helped the bank survive the financial crisis. They also said the new managing directors will be integral to our service to clients, the strength of our reputation and the long-term success of the firm." God's anointed acolytes are multiplying. There is no information yet if a Textron-made (GS: Conviction Buy) Cessna jet with an autopilot program for a one way trip to [Venezuela, Colombia, Brazil, Argentina] is included in the promotion package.
More from Dow Jones:
The managing director title is only given to the elite of the company's estimated 31,700 employees. Managing directors are appointed each year, while Goldman names partners every other year.
Getting a bump up in title will also ensure that those promoted get a bigger slice of Goldman's compensation pool. So far this year, the company has set aside more than $17 billion to pay employees, compared with $11.4 billion after the first three quarters of last year.
The promotions are not a record. In 2007, Goldman named 299 people to the managing director position. The new managing directors will be given their new titles effective Jan. 1.
»
- 3837 reads
- Printer-friendly version
- Send to friend
Similar Articles You Might Enjoy:
- Private Jet Maker Textron Down 30% on Horrendous Results and Outlook
- After Creating Dollar Exclusion Zones In Asia And South America, China Set To Corner Africa Next
- Textron Goes Divestiture Happy, Rumored To Be Selling Industrials Business
- Textron's "Conviction Buy" Kiss From Goldman Sachs
- Contrary To French Misinformation, The BRIC Block (And South Africa) Demands Non-European IMF Head, Questions Legitimacy Of Fund
They now get to buy cigs for the devil...
There will be scant few Tyler's left to post stories.
Oh when the saints ...
Go marching in ...
I am going to be totally selfish here folks. GS would not be able to enjoy the bounty of this year without the sacrifices of the members of our armed forces and their families. Membership in that circle I am sure few if any GS employees have ever belonged. Therefore, I propose that GS and every other TBTF institution provide a prorated bonus share to America's war veterans disabled in the course of their military service. A full share of all direct and indirect compensation equal to the CEO and senior partners for those rated by the VA as 100% disabled. From that point a prorated share of the same benefits reduced by percentage of compensated disability from 90%-10%.
If we are a nation at war and our very national survival is at stake then the least GS and the other TBTF institutions can do is share the bounty this year (and our tax dollars and service members) have provided and share it on a full basis with all who made the year possible.
+100000000000 * e^100000000
Didn't Robin Williams say that in a speech last week?
No clue. Link?
nevermind ... was internet garbage. Well spoken and agreed
You really just don't get it, do you? The war machine fills young people's heads with patroitic bullshit, then it uses them in their vile scheme, and finally (and this is key here, so listen) it spits them out and completely washes its hands of them. Furthermore, the suffering of veterans is completely self-inflicted since there is presently no indentured servitude (aka a draft). You don't want to get maimed? Don't sign up. It's that f-ing simple.
I'm so sick of all those "Gulf War Vet" license plates. You do the work of the devil (the corporo-fascist state), don't brag about it to me. Suckers.
I cannot but be impressed with how your head is filled with a belief that there are no ideas worth defending. Many American's believe that freedom of speech, assembly, petition, religion, enterprise and so many worthwhile ideas are worth defending. After all, noting worthwhile is ever accomplished by sitting on a fat arse waiting for others to do what you refuse to do yourself.
Don't blame those that are willing to stand & defend for the decisions of those you choose to have represent you and that you empower to decide how, where and when those that are willing to stand and defend such ideas as the Bill Of Rights are used. Perhaps the reason the concepts of responsible self government and the rule of law are in such good repair is because of the person behind the face that looks back at you from the mirror.
national survival depended on overthrown Sadam and Joe Taliban? Lets be honest, if national survival depended on whipping those savages out we would have dropped nukes all over the place.
Perhaps the whole concept of what going to war is and means have been severely compromised. I find it amazing that so many folks would rather impart the sad aspects of themselves onto others. That may well be how some folks come to fear such action is because they are so willing to advocate the same. However, if read your words correctly you are of the opinion that if any group or nation pisses you off your first response is to nuke them out of existence. Interesting concept.
Isn't that what taxes are for? To pay for current military and VA budgets...
I believe that 23.7 Trillion dollars to support the TBTF is the primary expenditure of the treasury & the fed. If the activities of the TBTF are the example of how America is defended then no wonder the United States enjoys the reputation it does today.
Awesome, even more ideas of how to redistribute wealth. Keep them coming, morons
I rather thought that is what the GS bonus pool is. Especially since so much of their revenue is dependent upon their multifaceted status as a GSE/bank holding company/hedge fund. If you are incapable of seeing the thrust of what others write then I suggest you stick to concepts that are within the grasp of your imagination.
Lloyd C. Blankfein and President Gary D. Cohn said in the email that those named helped the bank survive the financial crisis.
Along with about $13 billion of the taxpayers dough... Just another injury to the sheep?
oh pick me! pick me! *hands waving in air*
272 Pyschopaths get a raise. The best thieves, prevaricators and predators get more money and influence. Is anyone watching the store here?
"A turkey was chatting with a bull.
'I would love to be able to get to the top of that tree' sighed the turkey, 'but I haven't got the energy.' 'Well, why don't you nibble on some of my droppings?' replied the bull. They're packed with nutrients.' The turkey pecked at a lump of dung, and found it actually gave him enough strength to reach the lowest branch of the tree. The next day, after eating some more dung, he reached the second branch. Finally after a fourth night, the turkey was proudly perched at the top of the tree He was promptly spotted by a farmer, who shot him out of the tree. Moral of the story: Bull Shit might get you to the top, but it won't keep you there.. "They've been burying a lot of bodies lately over at GS, and Omerta is expensive.
272 more people to do God's work! Nice job Loyd!
They should somehow manage problem with business cards ( http://www.youtube.com/watch?v=qoIvd3zzu4Y ), I really hope GS has a consistent design throughout the company, otherwise we will see some tragic incidents: http://www.youtube.com/watch?v=qwicLgOGJOI
Not surprising.
Every so often, La Famiglia names new "Made Guys" and Dons.
At GS you can go to VP or higher and yet never get the "laying on of hands" and the opportunity to kiss Don Lloyd's pinkie ring.
Omerta is expensive, as anonymous said...
I too helped them survive the financial crisis. Where's my bonus? I just want a couple airline tickets to go see my family and new nephews for xmas. Hey Lloyd buddy ol pal if you're reading how about it?
Venezuela, Colombia, Brazil, Argentina?
No thanks... This is where I want to go:
http://www.bigtravelweb.com/images/mauritius_l.gif
Hey, thats the broad that just bought all that gold,,,I'm typng this from the airplane
Adios
Venezuela, Colombia, Brazil, Argentina?
I'll bet the farm they'll "Settle" in some nice palatial palace where the land is cheap, will, actually costing NOTHING.
Does it come with your own slave? I mean executive assistant.
Where can I pay homage to God's chosen ones?
Soup kitchens, foreign mission fields, or medical clinics?
Surely, out of 272 people there should be at least 1% who have integrity and will not allow themselves to be bought off by Goldman Sachs.
"For what does it profit a man to gain the whole world, and forfeit his soul?"
Surely there is at least one of the 272 whose conscience bothers him or her.
Surely there is at least one of the 272 who will take the short walk from 85 Broad Street to one of the conveniently located state or federal prosecutors located in lower Manhattan and do the right thing.
No wonder a 28 year old girl can be one of the CEO of Goldman Sachs...So, it may just be a fake title that keeps those banksters alive...