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Blankfein, Cohn To Both Get $9 Million In Stock Bonus, No Cash
This is certainly a little more PR friendly than $100 million. Now if only we can get some color on all the traders who got over $20 million in 2009...More as we get it.
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Damn, I was right! The $100 million bonus was floated to wrong step all the critics who will now presumably look silly with all their previously stated hateful criticism.
It's just such a cheesy maneuver...there's no way they were ever serious about $100M. (Unless the public happened to give them a pass.)
I don't believe it for a second. Lloyd will find a buried treasure in his backyard this spring while planting flowers with his puss. Somehow $40-50M from the Goldman petty cash fund will be bagged and buried for America's CEO to find. Of course he will report his good fortune to the IRS. He'll pay his full 1% since the money will be found at his estate in the Cayman Islands.
Wow, that means he will have to sell some stock. Oh, the misfortune to have to somehow get by on only 9 million. My, my, how can one live in the Hamptons on such a small salary. I wonder what benefits are being sweetened for Lloyd at GS.
Ya like the title to a G650 and some.......
well he's sort of doing the right thing. it is a vast improvement over the 100m dollar bonus rumors. icing on the cake would be watching them up their contributions to charities...
I would also like to add this is a nice way to totally dodge any sort of banker tax that might be imposed....
Lloyd has a lot more to worry about than the number of $ in his bonus. His biggest worry should be the number of years in his prison sentence if he were to be convicted as a ringleader in the greatest financial crimes in U.S. history.
Whatever the "bonus" amount really is, Lloyd may be worried that this will be his last chance to dump the collection plate into his pocket doing God's work.
Lloyd may be worried that he might be arrested and prosecuted for a series of God's goods works that mere mortals misinterpreted as the greatest financial crimes in U.S. history.
Lloyd may be worried that the number of state and federal prosecutors after him will snowball into scores of trials, with everyone, including Scotland Yard and the International Court of Justice in Hague after him, eager to be the first to bring him to justice and a life-time sentence in a hard-time prison.
Lloyd may worried that he needs every $million he can lay his hands on to build a war chest to pay an army of defense lawyers to defend against the scores of prosecutions in state, federal, and international courts.
Lloyd may be worried that every Goldman Sachs man of God faces the same trials and tribulations, and thus, Lloyd needs to stuff their pockets so they will keep the faith and not bear false witness against Lloyd.
In normal times, Lloyd would be safe from prosecution. But these are not normal times. The probability of Lloyd's prosecution may be low, but public anger is growing with Congressional hearings, SIGTARP, etc.
It takes only one prosecutor to investigate just one crime, and follow the money and the connected crimes, and bring down the overlapping criminal enterprises using Racketeer Influenced and Corrupt Organizations Act (RICO) prosecutions. Or, due to public anger, the Obama administration could decide to throw Lloyd overboard, Chicago-style. There is no honor among thieves; even the capo di tutti capi must go when he brings unwelcome public spotlight on the criminal enterprise.
Lloyd may see the small, but real and growing possibility that he faces prosecution. Lloyd gathering money for an army of defense lawyers would be risk management, something for which Goldman Sachs is famous.
fiat stock
gs has an "executive " program that allows officers of public companies sell early avoiding rule 144.
Do you think Blankfein wont get liquid immediately--using gs shareholder/taxpayer cash/capital.
These people are nothing short of criminals.
But why would he sell immediately when he can use the bots to drive the price of his stock higher?
God really blesses those who do God's work?
I'm waiting for Lloyd's soon to be Jesus comment that he died for the "banker's" sins. That should fire everyone up.
Here's a possibility. LB's employment agreement was modified in such a way that he will receive a very large sum upon his termination of employment, regardless of cause. Thus the difference between the $9 million and his real bonus can be paid to him upon his exit from Goldman. A provision such as this could also contain language whereby the amount increases with each passing year so he earns "interest" on the money. It's not like Goldman wouldn't have this money invested on his behalf earning some return. This is just my own theory based on the $100 million being a red herring and the real bonus figure very likely significantly more than $9 million. It's not like he needs the money to live on so why not just leave it with the company, have it grow, receive it upon your departure and call it severance? If this is not a plausible scenario due to some disclosure rules, please chime in.
Soon to be $4.5 mil.
Complete bullshit.
There is NO WAY that a guy like Blankfein does NOT believe in his core that he EARNED that money and that he is INDISPENSIBLE to the economy. I know people who have wealth and all of them believe that even if they inherited it, that they deserve it and everything you've got too.
I think what is happening now is a systematic depletion of all gold pricing-mechanism markets, such as Comex and LBMA. The Argentine Elite model - they are getting their hands on it because some kind of default or devaluation simply MUST occur or else the monetary system IS GOING to collapse under deflationary weight. The economy cannot support the interest, the stimulus; the monetary system is collapsing under its own weight at this height on the exponential curve.
The NPV of aggregate debt sourced now is worth LESS than the principal
Bonuses are completely irrelevant, it's only for the public to argue about something. Now when everyone knows that it's going to be $10 mln instead of $100 mln they are supposed to feel 'satisfied', but it's not like the public gained anything from that decision. The system and the principles it is based on haven't change a tiny bit, the biggest bonus for Mr. Blankfein is that he saved his job in the first place.
Bankerlied (to the tune of "Panzerlied" http://www.worldwar2aces.com/panzerlied.mp3)
Whether it's bulls or bears
Whether the Fed shines on us
SPY's burning hot
Or TNX freezing cold
Drawn are our faces
But happy we are at Goldman
We're at Goldman
Our bonus roars ahead
Along with the storm wind
With smoldering computers
Fast as a backbone trade
The enemy engaging
With our frontrunning Supplemental Liquidity Providers
Come on comrades
In the battle, all alone
We stand all alone
That's how we make profit
With our Congress, our Regulators, and our White House
When an enemy short
Appears ahead of us
Full liquidity is given
And we close with the foe
What value then is their trade
To the owners of our nation
Yes owners of our nation
For to game Wall Street
Is the bankers' highest honour
With bond vigilantees
The enemy blocks our path
We laugh about it
And simply ignore them
And if we are threatened by investigations
Coming from the Internet
From the Internet
We find ourselves a dark pool
That no one else found
And if we are abandoned
By that unfaithful trade
And if we don't return
To the Hamptons again
If a dollar run strikes us down
If margin calls upon us
Yes margin calls upon us
Then for us the bank will be
An honorable grave
Spieler:
Konnen sie das "Horst Wessel Lied" singen?
Here's another one:
"Das Blankfeinlied" (to the tune of the "Horst Wessel Lied")
http://www.youtube.com/watch?v=SuLWRAq-Kuk
Raise our bonus high
Our stock advances smartly
Goldman traders scalp
With fearless iron will
Our Alumni in
The Fed the Treasury and White House
March with us now
In spirit in our ranks!
Our Alumni in
The Fed The Tresury and White House
March with us now
In spirit in our ranks!
Our Enemies
At Lehman Bear and Merrill
Have now been crushed
To death beneath our feet
Let that be a warning
To anyone who shall oppose us
The Mighty Squid
Shall rule with Iron hand!
Let that be a warning
To anyone who shall oppose us
The Mighty Squid
Shall rule with Iron Hand!
Our Chairman Lloyd
To whom our fortune's trusted
Shall lead us now
To Our Final Victory!
He's doing God's Work
We shall not let you try to stop him
With iron fists
Our bonuses we'll take
He's doing God's work
We shall not let you try to stop him
With iron fists
Our bonuses we'll take
The regulators
Cower now before us
They ask for mercy
That they will not get
Our day has come
To take revenge with no forgiveness
On those who tried
To thwart our glorious plan!
Our day has come
To take revenge with no forgiveness
On those who tried
To thwart our glorious plan!
(Repeat First Verse)
KptLt laughing swordfish
9er Unterseeboote Flotille