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Amid accusations that it defrauded investors, Goldman Sachs is set to pay more than £3.5 billion ($5.4 billion) in compensation to its staff for the first three months of the year, The Times of London reported.
The recent public outcry against Wall Street banks following taxpayer of bailouts was driven in part by suspicions that a heads-we-win, tails-you-lose ethos pervades the financial industry. To many, that Goldman and others are once again minting money — and paying big bonuses to their employees — is evidence that Wall Street got a sweet deal at taxpayers’ expense. The accusati
Originally posted by St Udio
GS top chairmen & the rest of the directors are giving the bonuses quarterly because they know that 'contract law' rules apply...
they are thumbing the middle finger at the ethics committees and other wimp-willy oversight agencies that are theoretically designed to regulate these sociopath creeps in designer suits & hand made leather shoes,,,
iow the scum of the earth