Courtesy: The Independent
"Goldman Chief’s Bonus Seen by Some as Show of Restraint." - New York Times story, February 6, 2010.
Visit link at http://www.nytimes.com/201
I almost cried that the GS chief got only $9 million bonus. I'm like: How could you?
(Of course, who am I to say it? New York Times did not interview a single person on the street or any member of the labor community to react on the bonuses. I'm sure, otherwise, they would've showed similar sympathy I did. Maybe, more. Times missed that opportunity. Times also, notably, didn't have a Readers' Comments section on the story.)
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Excerpt from the Times story:
"The timing, too, seemed deft: hours earlier, JPMorgan Chase had announced that its chief executive, Jamie Dimon, would receive a $16.6 million bonus and $1 million in salary. For once, Goldman, known for its big paydays, had grabbed the high ground by paying its chief executive less money. At the top, John G. Stumpf, chief of Wells Fargo, was paid $18.4 million in cash and stock for 2009 though he runs a less complex company."
