It's bonus season, so we're trying to keep up with how Goldman Sachs employees are spending their taxpayer-financed windfalls. Today's entries: A $6 million penthouse condo, and adding a new floor to the upper-east-side historical landmark in which you live.
According to Business Insider, Lloyd Blankfein's son Jonathan is about to land a job he totally earned at Goldman Sachs. And we hear that his brother Alex is also on the Goldman Sachs payroll. Bootstraps!
Wall Street is cutting back on cash bonuses, which means paper-rich banksters are forced to choose between preschool tuition and new wine cellars until their restricted shares mature. Goldman Sachs is lending a hand by offering mortgages to its staff.
Happy Goldman Sachs Bonus Day! As we mentioned earlier, Goldman announced today that its 2009 bonuses will total $16 billion, spread (very unevenly) among its 32,500 employees. We thought we'd take a look at how they spend our money.
Goldman Sachs announced its 2009 earnings today, and the news is bleak: While the firm took in a record $13 billion profit, it's only paying out a lousy $16 billion in bonuses, the stingiest year-end bump in the firm's history.
Just in time for bonus season, Goldman Sachs has been hit with two shareholder lawsuits accusing the board of "bad faith actions and breaches of...loyalty" for approving billions in bonuses while driving the global economy into a ditch.
Goldmas Sachs is bending over backwards to make sure you don't rise up and hoist the black flag next month, when it pays out more than $17 billion in taxpayer-financed bonuses—now its top leaders won't get any cash.
According to Bloomberg's Alice Schroeder, senior Goldman Sachs bankers have begun applying for permits to carry concealed handguns, lending credence to Vanity Fair's Bethany McLean's assessment that "There is an embattled feeling around" Goldman now. Tom Wolfe, call your office.
Goldman Sachs employees received a voicemail announcement instructing them not to organize private Christmas parties for the firm's employees even at their own homes, a person familiar with the matter said.
Last year's financial collapse was made possible by the greed and incompetence of credit rating agencies, who got paid to lie about the value of subprime debt. It turns out they were responsible for the Goldman Sachs bailout, too.
This spring, construction workers at Goldman Sachs' new headquarters in Battery Park City discovered a pregnant feral cat. A local couple rescued the kittens and placed them in homes. Goldman Sachs agreed to pay for their veterinary costs. They didn't.
Goldman Sachs and Citigroup have obtained a total of 1,400 doses of swine flu vaccine from the city of New York, while many pediatricians wait for doses. On the other hand, money is more important than babies.
Thanks to Bloomberg News, we now have a good idea how much of that $13 billion pass-through bailout Goldman Sachs got from AIG last year was pure taxpayer-financed gravy: $5.2 billion, courtesy Tim Geithner.
The Treasury Department's soon-to-be-announced executive pay guidelines will drastically slash cash payouts to executives at GM, Citibank, AIG, Bank of America, and Chrysler. Not on the list: AIG pass-through beneficiary Goldman Sachs.
Lord Brian Griffiths of Fforestfach is a vice chairman at Goldman Sachs Intl., a life peer under England's nobility scheme, and Christian theorist of "biblically based wealth creation." Just the man to explain how Goldman's taxpayer-financed bonuses are perfectly moral.
In advance of Goldman Sachs' anticipated gargantuan charitable donation calculated to mask the stench of its taxpayer-financed cash bonanza, CityFile rummaged through the past recipients of Goldman's largesse. Guess what they found? Tony, preposterously expensive private prep schools, that's what!
It looks like Goldman Sachs is preventing its employees from reading Gawker. It's a precaution any workplace that values productivity might consider, especially an employer who's been targeted by a Gawker investigation.