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To: Rangle who wrote (38769)12/16/2008 4:34:15 PM
From: Baton  Respond to of 48461
 
Thank me if it hits. You may be cussing at me.



To: Rangle who wrote (38769)12/17/2008 12:56:09 PM
From: joseffy  Respond to of 48461
 
Goldman Sachs employees getting billions in XMAS bonuses THIS YEAR !

Credit to LOACH at Message 25259886

Fat Bonuses For Bail-Out Bankers

Wednesday December 17, 2008

news.sky.com

Workers at Goldman Sachs are sharing £1.7bn in bonuses - even after the US pumped cash into the bank to rescue it from the credit crisis.

The bank revealed the figure, worth around £55,000 per employee, as it posted its first quarterly loss since becoming a public company in 1999.
A spokesman for the bank, which recently received a $10bn handout from the US government, said the bonus pot totalled £1.67bn.
The chief executive and six senior colleagues will not take a share, having agreed to give up the perk.
A spokesman rejected reports that the bonuses could amount to as much as £4.3bn - or £142,000 for each worker including the 5,000-plus employed in London.
Salaries and benefits, including bonuses, were paid out of earnings, not capital, he added.
The US-based firm, which switched from being an investment bank to a savings bank in September, lost £1.36bn in the final quarter of this year.
Goldman Sachs boss Lloyd Blankfein said its recent performance reflected "extraordinarily difficult operating conditions".
He added: "While our quarterly performance obviously didn't meet our expectations, Goldman Sachs remained profitable during one of the most challenging years in our industry's history."
Other top companies badly affected by the US mortgage crisis are expected to announce similarly poor results before Christmas.