Does Lloyd Blankfein Have a Death Wish?
Over the weekend, the Times of London reported that Goldman Sachs CEO Lloyd Blankfein could walk away with a bonus of as much as $100 million, at least according to unnamed bankers the paper talked to at last week's World Economic Forum in Davos.
"This is Lloyd thumbing his nose at Obama," a rival banker told the paper. The bank dismissed the report today as "speculative nonsense," pointing out that Goldman's board of directors has "not yet made its final decision on executive compensation."
So the $100 million figure could have been completely made up or the report could be true, in which case Blankfein can look forward to another round of noisy protests outside Goldman's offices (and the NYPD can look forward to lots of overtime pay as it's once again forced to set up round-the-clock security around 85 Broad Street). Guess we'll just have to wait and see.
Goldman Sachs and the $100 million question [Times UK]
Goldman Sachs: CEO Blankfein's Bonus Up in the Air [ABC News]