According to many news outlets, Goldman Sachs has (if you go by what you see on Google News) folded under public pressure and are not going to pay their top 30 executives in cash bonuses this year. Nope, because they're good citizens and they hear the public's outrage at that kind of behavior. Nope, not Goldman Sachs, good corporate American citizens that they are, they're going to teach those their greedy execs a lesson and pay their top 30 executives an average of 80-100 million dollars each in stocks and not in cash.
You can just hear the relief among the American journalism crew. Congress won't have to intervene and pass some pesky laws or taxes on those bonuses. It's about time some of those uppity bankers heard the will of the people and stopped taking their pay in cash and started having to take their pay in stocks. Because to pay someone 100 million dollars in a year with cash is immoral and anti-American, but to pay them in Goldman Sachs stock, well there, that's right as rain. And that will guarantee they don't just take those ill-got earnings and spend them down at the local bar, casino, or whorehouse. They'll have to scrape by like the average American Joe, with 100 million dollars in Goldman Sachs common stock.
That'll teach 'em.
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