‘Goldman Chief’s $9 Million Bonus Seen by Some as Show of Restraint’

‘Goldman Chief’s $9 Million Bonus Seen by Some as Show of Restraint’

‘Goldman Chief’s $9 Million Bonus Seen by Some as Show of Restraint’

Blankfein’s bonus: too petite?

Copy Link
Facebook
X (Twitter)
Bluesky
Pocket
Email

‘Goldman Chief’s $9 Million Bonus Seen by Some as Show of Restraint’

      –Headline in the New York Times

(The Goldman Sachs Compensation Committee Talks to Lloyd C. Blankfein About His 2009 Bonus)

“With you in charge, we found a way
To merchandise as Triple A
Investments (solid as a rock)
Securities we knew were shlock.
Demands we put on AIG
In retrospect could prove to be
The straw that brought about, perhaps,
That corporation’s near collapse
And started all this awful mess.
And yet, through chutzpah and finesse
You’ve steered us through the risks greed poses.
We came out whole; we smell like roses.
To lead the big dog of The Street
Nine million’s simply too petite.
Nine’s not enough for you. It ain’t!”

“Nine’s fine. I’d rather show restraint.”

“But nine is surely not enough
For living well. Things could get rough.
To buy a decent co-op it’ll
Most certainly be much too little.
You know (you once got sixty-eight)
That nine cannot buy real estate
That’s big enough or has a view
That wouldn’t just embarrass you.
The houses not beyond your means
Resemble basements at Filene’s.
The yacht nine million dollars buys
Is not a yacht of any size.
And think of how The Street would snigger
If Jamie Dimon’s yacht were bigger.
Here’s millions more. Just nod and sign.”

“I’d rather show restraint. Nine’s fine.”

Support The Nation’s June Fundraising Campaign

With the midterm elections now firmly upon us, the question is whether Democratic candidates will do more than merely occupy ballot lines as mild alternatives to the red-hot crisis that is Donald Trump.

As Trump spends over $1 billion a day on a globally destabilizing war on Iran and admits that he doesn’t “think about Americans’ financial situation,” millions across the country are struggling with the surging costs of essentials. Democrats must seize this moment and advance bold, small-“d” populist ideas—not settle for cynical caution that once again snatches defeat from the jaws of victory.

The Nation elevates progressive ideas, movements, and elected officials achieving real change across the country into the national conversation. At the same time, our journalists are exposing how crypto and AI-funded super PACs are spending hundreds of millions of dollars to knock out candidates they oppose, reporting on the devastating impact of the Supreme Court’s evisceration of the Voting Rights Act, and sounding the alarm on attempts by red states to quickly redraw electoral maps, disenfranchising Southern Black voters.

We can play this critical role because of support from readers like you. This June, we’re raising $20,000 to power The Nation’s independent journalism in the run-up to November’s immensely consequential elections.

It’s in our power to build a more just society, and your support at this critical moment brings us closer to that bold vision. I hope you’ll donate today.

Onward,

Katrina vanden Huevel
Editor and Publisher, The Nation

Ad Policy
x