DougM

Goldman Sachs: Still Arrogant and Unrepentant

Almost as bad as the fact that this company is borrowing taxpayer's money at close to 0% is the fact that the managers of this company are rewarding themselves with an outsized share of profits that come directly out of the shareholders' pockets. Looking at where the winnings - er, I mean earnings, are coming from, it's not a stretch to say that shareholders of GS are more like investors in a publically-traded hedge fund. At least at a real hedge fund investors would only be paying the managers 20% of the profits; what fraction of the profits are GS shareholders being allowed to keep?

On Jul 26 12:24 PM Chemist29 wrote:

> if you think goldman makes too much money for its shareholders, buy the stock.