CEO's $53.4M Bonus

[Willtallica]

CEO's
$53.4M Bonus


NEW YORK - John Mack's record for the biggest bonus ever paid to a Wall Street chief executive didn't last even a week. It was smashed by the $53.4 million that Goldman Sachs gave its chief executive, Lloyd Blankfein.
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That's fair.

[danp]

Probably is. Being a CEO of a corporation like that is no walk in the park and chances are his actions made them multiple times that amount in increased profit.

[mjd932]

Amazing. If somebody is successful and makes their company tons of money, they'll make lots of money too! You would almost think there was a direct correlation there...

[KeithPA]

Maybe it's the slight socialist in me but does someone deserve that much money for running a company. No. Being a good leader is one thing but does anyone deserve that kind of money, I don't think so. Godman Sachs isn't a well known or well understood company. They are by no means the best run company.

Look at companys that aren't doing that well. Look at Home Depot which has by no means; their CEO has gotten over 20 million in bonuses since 2001.

There is a difference in a well run company and one that pays their CEO/CFO/COO a high salary. Many pay those people enormous amounts of money while their company is in shambles.

[LorDiego01]

Maybe it's the slight socialist in me but does someone deserve that much money for running a company. No.

I tell you what..

the Enron people didnt deserve a penny of what they got, but if this guy earned this money legaly and honorably, more power to him.

[D-FENS]

Things like this piss me off but only because I'm not the one getting rich.

I think this sort of thing is up to the stock holders. If they're unhappy with his performance to bonus ratio; I'm sure they'll make their distaste known.

[wewo]

Ralph Kramden got more than me, he got "One skinny chicken". At least Goldman Sack's clients are rich. What I cant stand is a company like GM or Ford (or any other company selling to the masses) doing the same. Because those ridiculous sums of money come from people who break their backs to make their car payments and pay all their bills, etc.

[Willtallica]

There is no honor not one tiny bit of honor in the money that man, our new treasurer made. He would probably rather watch your mother suffer, cry, and then slowly die then donate enough money for the cure while sipping his fine red whines and sampling his cheese. He's a big business man that probably did anything he could to make his stock holders happy. It is particularly people in his position that are of the biggest danger to the well being of the American way. He's in a club, and we're not in it. He doesn't want anything for us, just for himself, and I'm sure him and his buddies spend billions of dollars lobbing.
I just get splinters, cuts, scars, painful sprains, and scabs for my hard work everyday. He gets lobster.

[Farbmeister]

SHAME ON YOU FOR EVEN THINKING HE MAY NOT DESERVE THIS BONUS.

Facts are the BOARD OF DIRECTORS, and the STOCKHOLDERS HAD TO APPROVE the payment.

Not sure what public school you attended but CEO's simply don't write checks to themselves in the manner you are thinking.

I hope he get DOUBLE next year. That means his Company is PROFITABLE, EMPLOYEES are being paid and goods are being sold generating tax revenue.

Tell me again the downside?

Where I work they just laid off 30% of the workforce due to slowness in the housing sector. Crap happens. No really big bonuses.. but I expect a raise (COLA at least) and I will gladly take it.

[danp]

Maybe it's the slight socialist in me but does someone deserve that much money for running a company. No. Being a good leader is one thing but does anyone deserve that kind of money, I don't think so.

"A socialist looks at the wealthy and says 'No one should be that rich', a capitalist looks that the wealthy and says 'Everyone should be that rich'."

If the company has deemed that his work is worth that amount then he deserves it, plain and simple.