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Sunday, January 30, 2011

Salary triples for Goldman CEO Blankfein

US banking powerhouse Goldman Sachs said Friday it was more than tripling the salary of chief executive Lloyd Blankfein to $2 million in 2011 from $600,000 last year.

The four other top executives of Wall Street's premier investment bank will also see their basic salaries triple from the present $600,000: chief operating officer Gary Cohn, finance director David Viniar, and two vice presidents Michael Evans and John Weinberg will each earn $1.85 million, Goldman said in a document published Friday.....

Hmmmmmm it occors to me the only reason to triple their salaries at a time when so much negative attention is on Goldman Sachs is that GS believes the United States economy and United States government will fall to the global revolution within mere months, and they are all building their golden parachutes on the backs of their stockholders.

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