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Beyond the Bonus Headlines, Goldman Sachs Has Been Solid
Look behind the noise over bonuses and you'll find a solid performer.
 
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Posted 8:32 AM EST December 26, 2006
Posted by: raud47
I own GS as well and it was the best performer in my portfolio this year. Does that mean I want to see those kind of bonuses? Of course not. Geoffgw and several other bloggers are on track with the absurd way these people make money off the rest of us.
Posted 1:00 PM EST December 24, 2006
Posted by: DKP50
Big 10-4 on the GS..Jim!
1. Bougth thema s well when went Public
2. Have been buying them ever since
3. Last Purchase> At $144...in summer
4. And It's Options as well...
and will be driving my CPA Nuts with envy.( Again this yr ) ..LOL
Merry Xmass everyone..
Posted 10:02 AM EST December 23, 2006
Posted by: geoffgw
To pay 40% of revenue as bonuses to Goldman employees is greed beyond imagination! When they do M&A deals, the idea is to rip-off the employees and shareholders out of as much money as possible, the rest is maximizing trading on the tiny margins but multiplied by big volumes, while the rest of us in the real world, produce the real value and profit and cash that these 'masters of the universe' manipulate into their pockets. I think there is a special place in hell for this kind of greed.
Posted 8:15 AM EST December 23, 2006
Posted by: wshang
Response to PAChristman -Posted: 3:08 PM On December 19, 2006

I don't own Goldman Sachs, but shareholders like Stewart are plenty happy. The share price is a reflection of how much shareholders value the 'brain equity' much akin to Google's employees.
Posted 11:43 AM EST December 22, 2006
Posted by: inflationrising
Talk about integrity and Goldman Sachs. Arent these the same guys who on several occassions, when asked to act as advisor in defense of a company being bought out, were instead quietly looking into buying themselves. And some of whose traders were busted for insider tips. Ofcourse they were fired. But dont tell me that happens unless the culture in the company actually condones it.
Posted 4:09 PM EST December 20, 2006
Posted by: OMOODOAGBA
Obscene bonus! There is no way to justify it.
Posted 3:54 PM EST December 20, 2006
Posted by: ikonoklast
Beyond Common Sense!

'Owning shares is like having a piece of a hedge fund, without paying the exorbitant fees.

'that's 40% of total revenue, a record low, and down from 43% last year. As a shareholder, I applaud that.'

A hedge fund charges 20% of profit and that's exorbitant, while 40% of total revenue is OK??

Is Mr. Stewart supplicating for the 'Director of News' position at GS?
Posted 9:17 AM EST December 20, 2006
Posted by: raud47
I guess G-S can find the very best minds with the type of money promised. But is there no limit? Would these people go elsewhere if they received a bonus even half the size? The company's success is based on the work of everyone there: bonuses should be more equitably dispersed with less paid to the 'Gods of Investment Banking'. The profits belong to shareholders. We are a nation of greed and tacitly assuming that such remuneration is justified simultaneously justifies greed.
Posted 3:08 PM EST December 19, 2006
Posted by: PAChristman
The problem with most of the corporations today is that the managers think they own the corporations-not the shareholders. If the individuals and mutual fund owners would teem up these rediculous salaries and bonuses could be history. In the meantime, this article seems to condone the fatcats because they actually left a little money on the table for the actual owners.
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