Pension Fund Sues Goldman Over Pay
Here’s the deal. Acrimoney is exploring public outrage over Goldman’s $22 billion bonus pool. We’ve broken our post into two parts so you can vent your outrage or support the company’s right to pay whatever it wants.
How do you feel?
Re-tweet this post if you: 1) are disgusted by the $22 bonus pool; 2) believe Gordon Gekko is yesterday’s news because we have Goldman; and 3) agree the organization is gorging in an unintended trough from the government’s bailout. The New York Times reported the pension plan’s complaint as follows:
It said the payouts this year would be a result of “a trillion-dollar investment made by the American taxpayers that was meant to stabilize the financial industry” and “not based on the hard work of the executives.”
Let’s face it. If you re-tweet this post, you find Goldman’s compensation really piggy in the wake of 2008. So go viral and send the organization a case of Internet swine flu via Twitter. There’s no better way to get the word out.
Or perhaps, you support Goldman’s right to pay top producers. If so click on this link, where you can Tweet Your Support of Goldman’s Bonuses. Next week on Wednesday December 23, we’ll compare the tweet count and analyze results.
The New York Times describes my novels as “money porn,” “a red-hot franchise,” and “glittery thrillers about fiscal malfeasance.” Through fiction I explore the dark side of money and the motivations of those who have it, want more, and will steamroll anybody who gets in their way.
Interesting article in the NYT today:
http://www.nytimes.com/2009/12/16/business/16goldman.html?ref=business
Basically, it says the culture has changed. And even some of the insiders are beginning to question what’s going on at GS.
That people make tons of money moving money around makes money the biggest game in our casino economy. It’s an aspect of our society that what people earn has little or no relationship to their real contribution to society; in fact, some times it seems like there’s an inverse relationship between the two. I find it extremely unfair, disgusting and sad. Only a culture in speedy decline would go on like this.