Ok, that's a familiar theme of self-justification among the over-paid, but it is still interesting to see how defensive these guys are getting. It is almost like they know how absurd this all is: http://www.guardian.co.uk/business/andrew-clark-on-america/2010/jan/05/goldmansachs-banks --------------------------------------snip We mere mortals need to shape up our thinking. Goldman Sachs' employees are so special that they ought to be viewed in the same category as professional athletes and movie stars, according to a board member of the Wall Street behemoth.
Bill George, a former boss of the medical technology firm Medtronic who has been a Goldman Sachs director since 2002, has delivered a curious defence of the bank's likely payout of $22bn to its employees for 2009 in an interview with a video website, BigThink.com. [...] But George then goes off on another riff, saying he can't help it if film stars, athletes and bankers are overvalued by society en masse. "I can't justify the relationship between a trader's bonus and what a schoolteacher makes, for instance. I mean in our society - we have a much deeper societal issue," he says. "It's hard for me to justify what an athlete makes when he plays basketball compared to what a schoolteacher makes or even an engineer...I worry about these a lot but I haven't figured out how to solve it yet, either." George, incidentally, is a director of one other public company - ExxonMobil - giving him a clean sweep of the two US firms viewed with the greatest suspicion by people on the left. -raghu. -- "I don't care who you are, Fatso. Get the reindeer off my roof!" _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
