Over the weekend Goldman Sachs’ announced that CEO Lloyd Blankfein and six other top executives will forgo their 2008 bonuses. The move came as a result of increasing mortgage defaults and declining profits at the Wall Street bank. Even though Goldman has weathered the financial storm better than their competition, it’s clear that this [...]
Goldman Exec’s Forgo Bonuses
Over the weekend Goldman Sachs’ announced that CEO Lloyd Blankfein and six other top executives will forgo their 2008 bonuses. The move came as a result of increasing mortgage defaults and declining profits at the Wall Street bank. Even though Goldman has weathered the financial storm better than their competition, it’s clear that this [...]