Just kidding– it might’ve been a sloshed John Mack. Or Brian Moynihan, taking a page from his predecessor’s playabook. Or maybe it was Nouriel Roubini’s favorite cocktail waitress at the neighborhood piano bar who told the Sunday Times LB will be taking home a unit this year. The paper claimed its sources were “rival bankers” and without Jamie Dimon there, this is kind of a tough one. Maybe it was Goldman co-president and attendee Gary Cohn, specifically sent to Davos to “fuck with them a little.” Who knows (/cares)– it’s all relative.
Bankers in Davos for the World Economic Forum (WEF) told The Times they understood that Mr Blankfein and other top Goldman bankers outside Britain were set to receive some of the bank’s biggest-ever payouts, in defiance of President Obama’s attempt to shame banks into cutting bonuses. “This is Lloyd thumbing his nose at Obama,” said a banker at one of Goldman’s rivals.
Alternative theory: this is Lloyd Blankfein thumbing his “nose” at former Goldman CEO Hank “When I was at Goldman, I used to try and convince everyone pay outta whack but nobody listened to me” Paulson.
Mr Blankfein took home his biggest bonus so far in 2007, when he was paid $67.9 million. Goldman’s profits last year were $1.8 billion higher than in 2007. This leaves the bank with a justification to pay him even more although payouts will be made in shares rather than cash to make them more politically palatable. Some rival bankers claim Mr Blankfein could receive up to $100 million, though even a much lower figure could prove politically explosive.
Update: Others have suggested it was LB himself who put the rumor out there, which is entirely possible.
we need this.
-the golden scrots
When Lloyd farts, everybody listens.
That's with a "B."
http://www.youtube.com/watch?v=jTmXHvGZiSY
Whoever that poster is who wrote about the Goldman interviews is a genius. Bravo, keep em coming i was dying laughing this morning
awww, look at that cute widdle face.
it was me!!!!!!!!!!
-john mack
He needs to put his pinkie to the corner of his mouth and say (in the manner of Dr. Evil whom he oh so resembles) "One hundred meeelion dollars…muahahahahaha."
It was me!
I bet Obama included LB's 100M as a "job saved" with the stimulus plan.
kiss my ass and suck my dick- everyone.
-LB
How'd you like to be a UK partner who's agreed to limit his pay to £1mm…… or does that mean only £1mm to be paid in the UK and the rest in Geneva?
I've always wondered why "Lloyd" needs 2 L's.
~Guy with a stuttering problem
Very glad to see the word "unit" employed thusly. It's been a while.
where can I submit a resume for this "fuck with them a little" job?
-ping j
Is that a metric asston unit or standard english unit?
God would this be a dumb move. With all the populist rhetoric directed toward Wall Street if he gets this bonus it will lead to the government bringing down the hammer in the form of regulation in a big way. The dipshit could ruin Wall Street for everybody else.
It would be like the kid in grade school who talks when the teacher tells the whole class to be quiet and then the teacher takes recess away from everyone as a penalty.
Goldman Exits Viatical Market
Goldman Sachs also announced that they are not going to be in the business of life settlement and closing down Longmore Capital.
The person who wrote that Longmore article is an absolute twit. He should do a bit more research as to what is a "life settlement" and what is a "viatical".
Goldman isn't totally out of the business yet. They need to unwind ILS, like they did with their index and buyer arm "Longmore".
100 mm. cash.
Sheeyat……..this site is a shell of what it once was, even from a year ago.
I'm so moving on.
@21 you can't leave! it'll be a blow to our librarian demographic!
CustName: E.HAMPTN LIBRARY
Address: 159 MAIN ST
City: EAST HAMPTON
StateProv: NY
PostalCode: 11937
Country: US
RegDate: 2009-08-20
Updated: 2009-08-20
oh snaps. you people should know better than to fk with bess! lemme guess, @21 is currently "on the beach"…
@bess I
@ 21
Agreed, Bess has entered her terminal decline; too much news aggregation, not enough dealbreaking (not that there ever was much).
And I am truly from ¨indeterminate location¨, so she can´t pull that shit on me.
24=racist. examine your motives.