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	<title>UncensoredRants.com &#187; investments</title>
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		<title>Will America Weep for Goldman Executives?</title>
		<link>http://www.uncensoredrants.com/2008/11/17/will-america-weep-for-goldman-executives/</link>
		<comments>http://www.uncensoredrants.com/2008/11/17/will-america-weep-for-goldman-executives/#comments</comments>
		<pubDate>Tue, 18 Nov 2008 00:38:35 +0000</pubDate>
		<dc:creator>ranter</dc:creator>
				<category><![CDATA[Corporate Finance]]></category>
		<category><![CDATA[america today]]></category>
		<category><![CDATA[base salary]]></category>
		<category><![CDATA[compensation package]]></category>
		<category><![CDATA[general motors]]></category>
		<category><![CDATA[goldman sachs]]></category>
		<category><![CDATA[investments]]></category>
		<category><![CDATA[lloyd blankfein]]></category>
		<category><![CDATA[wall street journal]]></category>

		<guid isPermaLink="false">http://www.uncensoredrants.com/?p=260</guid>
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			<content:encoded><![CDATA[<p><a href="http://www.uncensoredrants.com/wp-content/uploads/2008/11/goldman_sachs.jpg"><img class="alignleft size-medium wp-image-261" title="goldman_sachs" src="http://www.uncensoredrants.com/wp-content/uploads/2008/11/goldman_sachs-300x225.jpg" alt="" width="300" height="225" /></a>I doubt there will be any tears on Main Street America today.  News is hitting the street that Goldman Sachs top seven executives, including CEO Lloyd Blankfein, are giving up their bonuses for 2008.  According to the Wall Street Journal article today there were &#8220;months of debate&#8221; about this decision.  Can you imagine how well it would have come out to the millions of people that have lost their homes, 401K investments and even their jobs over companies like this?</p>
<p>Last year Blankfein received a compensation package of roughly $68.5 million, and I suspect that will tide him over fairly well this year &#8211; since he&#8217;ll only be making $600,000 from his base salary.  Are these people really worth that much more than the average General Motors or DHL employee that will be losing their job this year?  Sure, they know things that the average person doesn&#8217;t, but if you look at the Wall Street masses this year it would appear that they make plenty of mistakes too, and the difference is that the impact can tear apart the global economy.  Mess up on a car and it doesn&#8217;t sell &#8211; doesn&#8217;t seem quite so bad.</p>
<p>Ranter</p>
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