"Silence Is Goldman," The New York Post's front page screams today. "Booming Bank's Boss To Staff: Don't $how Off."
The story: According to the Post:
Goldman Sachs CEO Lloyd Blankfein has warned his employess to avoid making big-ticket, high-profile purchases as the gold-plated Wall Street firm hunkers down amid a firestorm of public and political anger over outsize bonus payments.
The Post says it has gotten that news from "sources at the bank." For the record, Goldman Sachs "declined to comment."
Our friends over at Planet Money last month had the chance to sit down with Goldman Sachs spokesman Lucas Van Praag to talk about the help his company got from taxpayers — and the billions of dollars it's now making after getting that assistance.
As Planet Money notes, Goldman Sachs:
Just released a fantastic report on its earnings, with net revenues of $23 billion for the first half of 2009. Goldman is setting aside almost half of that money for paying its 30,000 employees. In rough terms, that amounts to almost $400,000 for each worker.
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