User 311027

Pay Bankers Much Less

I would argue that we "did" indeed pay the Treasury Secretary a huge amount. Since he was foreced to resign his post as CEO of GS for a government job he was forced to sell all of his GS stock and not have to pay capital gains taxes. So if you figure when he sold his stock at or around GS trading at $250 that is a huge windfall he received by not paying ANY taxes on those shares. Considering his gains were huge since he received most of his pay in stock and was at the firm before they went public. Maybe that is why he is working so hard. Who needs a $100k a year government job now that he cashed out $500mm of tax free money 2 years ago!