Sarkozy Advisor Guaino: Goldman Pay Is 'Scandalous'

bloomberg.com:

July 15 (Bloomberg) -- Goldman Sachs Group Inc.'s decision to boost compensation after posting record second-quarter sales yesterday should prompt politicians to revise pay rules, French President Nicolas Sarkozy's top adviser, Henri Guaino, said.

Read the whole story: bloomberg.com

Comments

[billyfitz]

12:07 PM on 07/19/2009

Our government is obviously not representing us anymore. Just because you vote for someone, doesn't mean they are representing you.

If we hearken back to the cry of "no taxation without representation", then the only people who have to pay taxes in this country should be the special interests, corporations and lobyists.

Tax Goldman Sachs, JP Morgan, etc and all their employees back to the middle class.

Fatcat: "but all our employees would leave."

Me: "Good. What they do is bad for this country anyway."

[MakeAWish]

02:47 PM on 07/16/2009

This country is owned and controlled by Goldman Sacks and the Federal Reserve, who are tied to the the global agenda, where the rich and elitists dominate and control everything.

[sposton]

11:00 AM on 07/16/2009

That might be a political problem in France but in these United States there is hardly a peep of protest about it. American people have been trained well to eat s__t while believing they are a part of the Number One Team. America has become a modern day feudalistic system, with Lords on the top and serfdom at the bottom. And the Lords aren't happy just ruling America; they want to rule the world. I don't think this will end up well unless a critical mass of Americans wakes up real soon. I have my doubts this even possible.

[StephenBarry]

05:17 AM on 07/16/2009

Nationalize Goldman Sachs and the other main players. Banks should be deemed as nothing more than utilities. The fact that they are deemed to be personal piggy banks by their employees is the root cause of all our financial problems.

[Artamentous]

01:26 AM on 07/16/2009

Solution is simple, higher taxes. Sorry but once a company starts amassing huge utterly ludicrous profits, the government needs to start taking big cuts of it IMO.

These companies do not exist without a stable government.

[LemonMeringue]

12:51 AM on 07/16/2009

Matt Taibbe of Rolling Stone reports that Goldman Sacks is all set up to profit from Cap and Trade, by trading the instruments they are going to trade.

[Josie Gates]

12:44 AM on 07/16/2009

Nice money for the bankers....

read the bits about 'scandal the fsa doesnt want to investigate'
on
http://www.josieg6.wordpress.com

my manager went from 440k to 1.6mil a year...dont know why...

and nobody wants to investigate....
as those on retiree fixed incomes eat cat food, to cover their rent now...cos their investments and pensions DIED before they will..

[KipRip]

11:51 PM on 07/15/2009

The only terrorists I fear live on two streets in out country,- Wall Street and K Street. Wall Street's only real goal is to extract as much wealth from the middle class as they possibly can. K Street goal is to undermine what little political representation an individual can get in America.

[PhilipTaylor]

12:29 AM on 07/16/2009

TOXIC W@$TE$!

[RJC]

10:28 PM on 07/15/2009

We are nation of cowards, nothing will happen. GS and others like them own our government, and all of us lock, stock, and barrel!

[PhilipTaylor]

12:30 AM on 07/16/2009

I hope we have the will and courage to do, as you imply we should, and seek change in MASS!

[Riemann]

10:14 PM on 07/15/2009

What is scandalous is Henri Guaino writting a speech for Sarkonazi in which it is mentionned that black people have no history and go from tree to tree eating fruits and never think about the future.

I think you were thinking about chimps not humans when you wrote that...

[hoytvanderbilt]

08:40 PM on 07/15/2009

Nothing is going to change. People will just get more disgusted by politicians and feel powerless regarding injustice. Soon people will not even bother to vote and that's dangerous.

[quindy]

07:38 PM on 07/15/2009

I don't think that any politician in this country thinks about social disintegration. Politicians have been corrupt for so long, they are afraid to open their mouths. People have been going without health insurance, without housing, without education for so long it has become part of American reality. French were solving their problems over past decades and they will emerge better from any crisis.

[luccas]

09:17 PM on 07/15/2009

Can we get a representative in Congress or the Senate to call for forensic accounting of firms receiving TARP money, dating back 7 to 10 years, in the least, and the following records made public:

a) loan book records, detail showing where profit left firm

b) cash distributions (total dividends extracted from balance sheet annually prior to claiming they were under capitalized, and since that time)

c) number of subsidiary firms receiving cash from bank balance sheet, that may be paid back later, as a loan –

d) record of funds routed offshore per quarter, and back into company accounts the next quarter where the financial firm might be claiming a profit from trading, but is simply routing funds back to their firm, which were parked offshore during the crisis. Rotations going back 10 years can measure increased activity in moving money offshore; outside of U.S. accounts.

e) executive payout and bonus payment records, for prior 10 years to see if firms ever paid out that much money in any year prior to 2008 or in past down economic cycles.

f) shareholder registry to cross reference with Fed Board of Governors and Secretary of Treasury officers or policy makers, to see if regulators approving actions of Treasury, or acting to write new regulatory law, are also shareholders of banks benefiting from pass through operations (via past or present dividends/cash distributions)

[luccas]

09:27 PM on 07/15/2009

.

http://freepdfhost.com/form_page.php?id=3205

Sample petition above. Print on legal size paper and fax.

Print extra copies. Talk with company employees, neighbors and business associates to see if they agree things have gone too far.

[PhilipTaylor]

12:27 AM on 07/16/2009

Excellent Idea(s)!

We need this kind of accounting made into law of the land!

[sonoffestus]

07:25 PM on 07/15/2009

Oh no, do we have to do the freedom fry thing again?

[TXfemmom]

06:52 PM on 07/15/2009

I agree. Do you hear that Congress and Obama? I voted for Obama but he had better develop a spine and stop with the can't we all be friends crap.

[wonketteRAWKS]

06:54 PM on 07/15/2009

Goldman Sachs Smith Barney, or whatever they go by nowadays OWNS Obama!

[Montgriz]

08:03 PM on 07/15/2009

In case you missed it, Goldman Sachs owns us all.....

[Oxonian2001]

07:00 PM on 07/15/2009

I voted for Obama too but he seems to be backing away from his campaign promises faster than you can say "No taxation without representation!"

[Bernique]

06:47 PM on 07/15/2009

Bravo!