Korean Job Discussion Forums

[madoka]

Good thing we aren't in a recession or anything.

But hey, it's not as if Goldman Sachs lobbied in 2000 to get derivative bundles, credit default swaps, etc. that allowed our economy to collapse in the first place. Oh wait. . .

http://finance.yahoo.com/career-work/article/107974/bonuses-put-goldman-in-public-relations-bind?mod=career-salary_negotiation

For Goldman employees, it is almost as if the financial crisis never happened. Only months after paying back billions of taxpayer dollars, Goldman Sachs is on pace to pay annual bonuses that will rival the record payouts that it made in 2007, at the height of the bubble. In the last nine months, the bank set aside about $16.7 billion for compensation � on track to pay each of its 31,700 employees close to $700,000 this year. Top producers are expecting multimillion-dollar paydays.

But despite Goldman�s success or, perhaps, because of it, the bank has come to symbolize for many a return to wanton Wall Street excess. Even in 2008, the most tumultuous year in modern Wall Street history, Goldman employees reaped rewards that most people can only dream about. Goldman paid out $4.82 billion in bonuses last year, awarding 953 employees at least $1 million each and 78 executives $5 million or more. The rewards for 2009 will be far greater.

[definitely maybe]

my step-brother is at g-s, and he's making a lot more than that.

[GwangjuParents]

Would that include the secretaries too?

[Reggie]

Here's an article about one Goldman Sachs employee spending his bonus.

http://www.dailymail.co.uk/news/article-1211676/Goldman-Sachs-banker-offered-28-year-old-Slovakian-500-000-leave-pensioner-husband.html

[namu_nim]

not even surprising, although a little surprising

[TheWill]

And the point of this thread is.... ??

Goldman actually made a profit in 2008 while all their competitors lost money. Why shouldn't they reward their employees? I have several friends who work there and they do a hell of a great job creating wealth for those who are willing to risk pumping more money into this economy.

I think the common folk don't even realize what companies like Goldman do. They just listen to the mindless media looking to bash anything associated with Wall Street. Little do they realize that companies like Goldman actually keep the global economy going by actually collecting and redistributing capital to various facets in the marketplace.

Those who bash are more likely the jealous or the ill-informed.

[CeleryMan]

Uncle Sam needs to come up big time.

[youtuber]

Like Bill Maher said, "The States needs to get back to building sh_t."

The US got powerful by building things, namely cars.

But now, what do they do? Nothing. They just pass money around through high priced lawyers and stock brokers.

And look! Who has the best economy?? China. Because they build sh_t.

I honestly don't know how the US will ever get out of its slump. They are just doing the same bullshiit they have always done.