Goldman Sachs Christmas bonuses [Archive]

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WRESTLINGFAN

12-18-2006, 04:50 PM

I heard about this last week. The CEO got $40 million. I think all together over 16 billion were paid out as GS had a record year for profits. The average salary was over 600 g's.  I work in the financial services industry and know a couple of people who used to work for GS. They got compensated generously but they would put in on average 60-80 hrs per week  <a href="http://www.latimes.com/business/la-fi-bonus16dec16,1,2822566.story?track=rss">http://www.latimes.com/business/la-fi-bonus16dec16,1,2822566.story?track=rss</a>

torker

12-18-2006, 04:56 PM

Nice work if jew can get it.

A.J.

12-19-2006, 02:36 AM

My brother had better be getting me an awesome Christmas present this year.

spoon

12-19-2006, 02:42 AM

WRESTLINGFAN wrote: I heard about this last week. The CEO got $40 million. I think all together over 16 billion were paid out as GS had a record year for profits. The average salary was over 600 g's.  I work in the financial services industry and know a couple of people who used to work for GS. They got compensated generously but they would put in on average 60-80 hrs per week  <a href="http://www.latimes.com/business/la-fi-bonus16dec16,1,2822566.story?track=rss">http://www.latimes.com/business/la-fi-bonus16dec16,1,2822566.story?track=rss</a> This shit is all over, but only for those at the top of the companies.  Less for the regular guy as they continue to milk us and gain monopolies.  It's not a coincidence.

angrymissy

12-19-2006, 05:39 AM

I'm an Executive Assistant, and I interviewed with them in Manhattan 3 years ago before I went with my current job.  I went through 5 interviews and was under final consideration and didn't take the job.  The pay was ridiculous high for an assistant and they said the bonuses were high as well.   I didn't take it because they kept asking questions over and over like "Can you take people yelling at you a lot?", "How do you handle extreme stress?" "What would you do if someone threw something at you?"

A.J.

12-19-2006, 05:54 AM

It's funny you say that Missy because when my brother interviewed for them, he described his work background and his graduate degree, etc.  When he mentioned that he had coached basketball, the interviewers perked up.  Too them, that was the more important qualification since he was experienced in handling stress and pressure,

Bulldogcakes

12-19-2006, 02:56 PM

I have plenty of stress and pressure and I dont get 100K bonuses. Bring it on, baby.

HBox

12-19-2006, 02:59 PM

364 days out of the year: Screaming and throwing lamps at each other.1 day of the year: Screaming and throwing bags of money at each other.

Captain Rooster

12-19-2006, 03:01 PM

I heard the tax revenue from just the bonuses is well over few billion for the state and NYC ... now that's cool.  HOW ABOUT A F'N TAX BREAK THEN!?

angrymissy

12-20-2006, 11:38 AM

HBox wrote: 364 days out of the year: Screaming and throwing lamps at each other.1 day of the year: Screaming and throwing bags of money at each other.  See I knew I wouldn't be able to handle it.  It's not like I would go cry, but I worked for a doctor a long time ago, and he started arrogantly yelling at me for being, literally 5 minutes later, and I lost it and said "Fuck you Dr. ____" and walked out.

Tenbatsuzen

12-20-2006, 12:06 PM

angrymissy wrote: I didn't take it because they kept asking questions over and over like "Can you take people yelling at you a lot?", "How do you handle extreme stress?" "What would you do if someone threw something at you?"<a href="http://www.homefrontcalgary.com/media/Boardroom_R_Full_Frame.mpg">Probably something like this, then.</a>

Team_Ramrod

12-20-2006, 03:55 PM

If I had to deal with swearing, yelling and throwing I'd just block it out with the visions of me counting my money at years end. Or I'd just buy a hooker and let her help me releive stress... Then I'd cry on her lap.

WRESTLINGFAN

12-20-2006, 06:19 PM

Morgan Stanley's top guy got a nice payday also <a href="http://www.redorbit.com/news/technology/771984/john_mack_gets_40_million_2006_bonus_a_wall_street/index.html?source=r_technology">http://www.redorbit.com/news/technology/771984/john_mack_gets_40_million_2006_bonus_a_wall_street/index.html?source=r_technology</a>

scottinnj

12-22-2006, 10:17 PM

HBox wrote: 364 days out of the year: Screaming and throwing lamps at each other. 1 day of the year: Screaming and throwing bags of money at each other. Line of the thread bro!  Simple, to the point and goddamned funny.  "Applause"

PapaBear

12-22-2006, 10:32 PM

I got 50 bucks.

PapaBear

12-23-2006, 08:58 PM

This isn't worth a new thread, so I'll just put it here.My boss gave everyone a $50 bonus yesterday. After we all got them, we started a drive to get 5 bucks from everyone, to get the boss a nice gift certificate. Five bucks out the 50... not too hard to handle, right?Well... When this one idiot (Brian) was asked to pitch in, he said "mmmm... Sorry. Not interested". Our boss is a very easy  going guy, who will bend over backwards to work things out for his employees. What an ass, this guy is! When we gave the boss the card today, it read "Merry Christmas from everyone... except Brian".

adriana_j86

12-30-2006, 04:05 AM

torker wrote: Nice work if jew can get it.Riiiiiiight!  Because jews are rich bankers and exploitative money lenders who secretly control the world.  *rolls eyes* Is it possible to agree with the premise that these bonuses are obscene without stooping to worn-out racist canards?

WRESTLINGFAN

12-30-2006, 04:23 AM

A friend of mine who works for Bear Stearns, ended up getting a 50k bonus, after taxes hes probably going to net about 35k. Not too bad

Bulldogcakes

12-30-2006, 04:25 AM

adriana_j86 wrote: Is it possible to agree with the premise that these bonuses are obscene without stooping to worn-out racist canards?Whats "obscene" about these bonuses? The company made lot of money and the're spreading it around to their employees. Sounds like a good place to work to me.  And what gives anyone the right to tell other people what to do with their money?

WRESTLINGFAN

12-30-2006, 04:32 AM

Bulldogcakes wrote: adriana_j86 wrote: Is it possible to agree with the premise that these bonuses are obscene without stooping to worn-out racist canards?Whats "obscene" about these bonuses? The company made lot of money and the're spreading it around to their employees. Sounds like a good place to work to me.  And what gives anyone the right to tell other people what to do with their money?  Agreed BDC.  It wasnt just the sales guys or the high execs that got bonuses, Sure they got alot more, but the guys on the trading floor and their ops, accounting guys, the less glamorous part of the business were rewarded.  With a company like Goldman 9-5 doesnt exist. Alot of people work at least 60 hours a week , some alot more

This message was edited by WRESTLINGFAN on 12-30-06 @ 8:36 AM

Bulldogcakes

12-30-2006, 04:40 AM

WRESTLINGFAN wrote: Morgan Stanley's top guy got a nice payday also <a href="http://www.redorbit.com/news/technology/771984/john_mack_gets_40_million_2006_bonus_a_wall_street/index.html?source=r_technology">http://www.redorbit.com/news/technology/771984/john_mack_gets_40_million_2006_bonus_a_wall_street/index.html?source=r_technology</a> Here's what some folks dont get. They paid out 16 BILLION in bonuses. The CEO got 40 million. Sounds llike alot (and it is) until you put it in context of the 16 Bil. Lets make the #s smaller so the rest of us can relate $16,000 in bonuses $40 for the CEOThis sounds unreasonable to you? The CEO got a fraction of the bonus money and he's responsible for the entire company, answers to the board and shareholders, and has just delivered the BEST year the company has EVER HAD. RECORD PROFITS. He got .0025 of the 16 billion. A QUARTER OF ONE PERCENT. Use your heads people. Instead of reacting like monkeys to the headlines, think a little.      

This message was edited by Bulldogcakes on 12-30-06 @ 8:41 AM

WRESTLINGFAN

12-30-2006, 07:05 AM

Bulldogcakes wrote: WRESTLINGFAN wrote: Morgan Stanley's top guy got a nice payday also <a href="http://www.redorbit.com/news/technology/771984/john_mack_gets_40_million_2006_bonus_a_wall_street/index.html?source=r_technology">http://www.redorbit.com/news/technology/771984/john_mack_gets_40_million_2006_bonus_a_wall_street/index.html?source=r_technology</a>Here's what some folks dont get. They paid out 16 BILLION in bonuses. The CEO got 40 million. Sounds llike alot (and it is) until you put it in context of the 16 Bil. Lets make the #s smaller so the rest of us can relate $16,000 in bonuses$40 for the CEOThis sounds unreasonable to you? The CEO got a fraction of the bonus money and he's responsible for the entire company, answers to the board and shareholders, and has just delivered the BEST year the company has EVER HAD. RECORD PROFITS. He got .0025 of the 16 billion. A QUARTER OF ONE PERCENT. Use your heads people. Instead of reacting like monkeys to the headlines, think a little.      This message was edited by Bulldogcakes on 12-30-06 @ 8:41 AM Most people read the headlines and immediately say class warfare etc.  The company I work for had another great year for profits, and I participate in the profit sharing plan. It benefits the company, its clients and investors and the employees

FUNKMAN

12-30-2006, 07:49 AM

you guys almost had me with the  " work 60 hours a week ", i almost felt sorry for the bastids. but you know what, there are millions of people working 60 and up to 80 hours a week and are just making it above the poverty level.in a time when corporations are outsourcing, reducing benefits, laying off, wage freezing, this type of profit is excess.of course if you are the beneficiary of this wealth then you're gonna have a different opinion. did you work harder than the other people just making ends meet? MAYBE? some of the people just making ends meet went to college just like the people at Goldman Sachs.i don't see any other way around it other than it is EXCESS. they're not just a beneficiary of hard work, they're a beneficiary of a financial system established in this country that is the stock market. it used to be just the good blue collar manufacturing jobs had just about ceased to exist, a job where a man or woman could raise a family on the salary and benefits. now it is cutting into white collar jobs, of course starting at the low end, customer service, areas of IT, billing, benefits, all being outsourced.if you think there is no affect to the excessive salaries and benefits made by a few to the detriment of others than you are just playing stupid...

FezPaul

12-30-2006, 07:58 AM

adriana_j86 wrote: torker wrote: Nice work if jew can get it.Riiiiiiight!  Because jews are rich bankers and exploitative money lenders who secretly control the world.  *rolls eyes* Is it possible to agree with the premise that these bonuses are obscene without stooping to worn-out racist canards?It was a play on words...you...jew...get it?...relax adriana, some of torker's best friends are hebes. <img src="/messageboard/tiny_mce/plugins/emotions/images/bye.gif" border="0" width="26" height="18" />