Saturday, 4 February 2012

Hard Times at Goldman Sachs

Bad news.

Last year, the average Goldman Sachs employee was paid only $365,000. In 2010, the average salary was $430,000.

If falling salaries wasn't bad enough, the Vampire Squid is shedding labour. In 2011, over 2,000 people - around 7 percent of Goldman's staff - took the long walk to the exit.

The bank's CEO C. Blankfein has fallen on hard times. His 2011 pay package only amounted to $9 million. Things were so different in 2007, when Mr. Blankfein walked home with $68.5 million.

Something has to be done. The US government must step in and support hard pressed Goldman families. A taxpayer funded cash injection is needed to prevent further job losses and stabilize salaries.

Congress must act now!

1 comment:

RenterGirl said...

I am collecting tins of food and sending blankets. It's going to be bleak for bankers everywhere, but with our help, and government bailouts (aka welfare) they will endure this nightmare.