[BITList] poor sod

[CT's]

http://www.guardian.co.uk/business/2010/feb/06/blankfein-goldman-sachs-bonus-2009

Goldman Sachs cuts Blankfein's bonus to $9m
. Mundane sum by Wall Street standards compares with $69m payout two years ago
. JP Morgan inherits mantle as highest-paying bank

  a.. Buzz up! 
  b.. Digg it 
  a.. Andrew Clark in New York 
  b.. guardian.co.uk, Saturday 6 February 2010 18.53 GMT 
  c.. Article history
Lloyd Blankfein: some analysts had predicted he would receive $100m. Photograph: Chip East/Reuters

Wall Street bank Goldman Sachs has sought to defuse outrage over pay at the top echelons of the industry by handing its chief executive, Lloyd Blankfein, a far lower than expected bonus of $9m (£5.8m) for a year in which it bounced back from financial crisis to make record profits.

Although an enormous payout in any other walk of life, $9m is a relatively mundane bonus by Wall Street's standards, and is a paltry amount in terms of Goldman's history. Two years ago, Blankfein scooped a record breaking $69m, and some reports earlier this week had suggested that he might get as much as $100m for 2009.



ct

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