06/26/2008 05:12 am ET | Updated May 25, 2011

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.

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