GS: Our Bonus Pool is Bigger than Bear Stearns' Market Cap
Today's chart porn is this lovely, lovely NYT showing of why Goldman Sachs is Da Man!, and everyone else on Wall Street are fighting for second place:
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I love the quote in this para:
"Money soothes a lot of concerns, of course, and Goldman has had plenty to spread around. Through the third quarter, Goldman’s $16.9 billion compensation pool — the money it sets aside to pay its employees — was significantly bigger than the entire $11.4 billion market capitalization of Bear Stearns."
That should be their tagline: "Our bonus pool: Bigger than Bear Stearns' market capitalization"
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Source:
Goldman Sachs Rakes in Profit in Credit Crisis
JENNY ANDERSON and LANDON THOMAS Jr.
NYT, November 19, 2007
http://www.nytimes.com/2007/11/19/business/19goldman.html
Monday, November 19, 2007 | 10:15 AM | Permalink
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Comments
I think their slogan should be
Goldman: We're a whole lot smarter than the dumbasses who bought the junk we sold.
Posted by: a5 | Nov 19, 2007 10:27:22 AM
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