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Wednesday, November 11, 2009
11:30 AM TweetThis
  • Goldman Sachs' (GS) CEO explains why he pays more: It's because my guys make more money, duh. "What people fail to mention is that net income generated per head is a multiple of our peer average. The people of Goldman Sachs are among the most productive in the world."

This news story has 6 comments:

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    The point is not on how much is generated per head but how much per head is given to generate the how much. The more capital one is given, naturally the more one will make. So, is it the ' one head' that makes the money or the capital?
    Nov 11 11:32 AM | Link | Reply
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    Give me billions of taxpayer money, label me as a "bank", and I'll be the most productive SOB too. what a bunch of bs.
    Nov 11 11:36 AM | Link | Reply
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    It's also apparently nice to have a computer program that 'beats the market' 96% of the time and to have the government in your pocket so that computer program trading is protected as if it were a copyright, instead of merely a trick of having computers closer to the exchange that most firms have.

    Las Vegas casinos also win 96% of the time, I guess. But I don't think their blackjack dealers are getting millions in bonuses.


    On Nov 11 11:36 AM MarketGuy wrote:

    > Give me billions of taxpayer money, label me as a "bank", and I'll
    > be the most productive SOB too. what a bunch of bs.
    Nov 11 11:42 AM | Link | Reply
  •  
    And when you lose more money than the other guys, the taxpayers are there to back you up. Nice arrangement. Heads, you win. Tails, we lose.
    Nov 11 12:12 PM | Link | Reply
  •  
    Ummm...now if we measure pay based on how many jobs are created/destroyed per head at GS - how would they rate?
    Nov 11 12:19 PM | Link | Reply
  •  
    Goldman was a key player in the massive "mortgage wrapped" fraud and concomitant government corruption that destroyed pension funds, college endowments, government funds, home values, jobs and trust in the markets worldwide. What does productivity per head have to do with anything?
    Nov 11 02:25 PM | Link | Reply
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