Goldman Cuts Corners By Depriving Junior Execs Of Flying Business Class

Goldman Sachs has been best of breed among its mortgage-mangled brethren, but even it is starting to feel the pinch of a slackening deal flow, which has led to pink slips and slashing perks.

Yesterday, Goldman reported second-quarter profit of $2.05 billion or $4.58 a share, beating analyst estimates of $3.42 a share, according to Thomson Financial.

But it has come with Goldman's CEO Lloyd Blankfein turning down the dial on costs.

Read the whole story here.

Comments

[TroubleNYC]

They're flying coach?!?!?

OMG THE INHUMANITY!

[darthdarcy]

Goldman Sachs is one of the biggest players in the Oil Market Manipulation..that accounts for the profits they are showing despite the Sub Prime loses..

[GerryS]

Let them teleconference like the rest of the mortals-

[darthdarcy]

I heard they posted a $2.9 billion dollar profit..

Now while they took a serious hit with the Sub Prime Mortgage debacle brought to us by that swindler Phil Gramm McCain's chief economic adviser..

Goldman Sachs is racking it in big time due to their huge part in the Speculation and Manipulation of the Oil Market...thanks to once again Phil Gramm again, John McCain's Richelieu on economics who slipped through the Enron loophole in 2000..

Goldman Sachs should by all rights have posted a loss had it not been for this huge Swindle on Oil Prices and the asymmetrical economic warfare being waged against America..by Goldman Sachs , Morgan Stanley and so many others..

[Chavez08]

Why does it seem all of these Wallstreet CEOs and big bank Oligarchs look like little bald gremlins? Were they all born from the same jackal?