Sunday, January 30, 2011

The Rich Get Richer

Bumper pay rises for Goldman Sachs bosses as profits slump 38% | Business | The Guardian:

"Top executives at Goldman Sachs collected a bumper increase in pay and bonuses last year in defiance of public opinion, and despite a 38% slump in the bank's profits.
Michael Sherwood, one of the heads of Goldman's British and European operations is being awarded free shares worth $14.4m (£9m). That represents a 60% increase on the value of the stock award he received in 2009. Goldman does not reveal whether Sherwood is also a recipient of a cash bonus..."

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