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No Bonuses for Goldman Sachs Executives

This is good to see.

NEW YORK – Goldman Sachs Group Inc. CEO Lloyd Blankfein and six other top executives at the bank will not be receiving cash or stock bonuses for 2008, a spokesman said Sunday.

The decision was made by the seven executives themselves, said spokesman Lucas Van Praag, and approved Sunday by the Wall Street firm’s compensation committee. The executives made the decision “because they think it’s the right thing to do,” Van Praag said.

 

Posted by Owen at 2143 hrs
Economy

1. The executives made the decision “because they think it’s the right thing to do,” Van Praag said.

   Uh-huh.

   Posted by dad29 on November 17, 2008 at 0721 hrs
   
   
   

2. You know what would be good to see? Somebody besides 3,200 low-level staffers at Goldman Sachs lose their jobs. Maybe the top executives like Blankfein who drove it into receivership.

   Posted by .(JavaScript must be enabled to view this email address) on November 17, 2008 at 0922 hrs
   
   
   

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