Goldman Sachs Donates 11 Minutes To Haiti

Goldman Sachs press office has announced the firm "will be donating $1,000,000" to the Haiti Relief Effort.

Goldman Sachs made $9Billion in profits last year. That is $174 Million per week, $38 Million per trading day, $5.7 Million per trading hour, $96,000 per minute.

The Goldman Sachs donation represents 11 minutes of the firm's profits.

 

Comments

[Kye154]

11:34 PM on 01/21/2010

Good Article, and to the point! It is all the more reason for the government to nationalize the banks, regulate Wall Street with an iron fist, and make every one of them pay their fair share of tax obligations, that they have have managed to skirt and dump off onto the rest of the American public for years. Goldman Sachs is not a neccesity to the American economy. They do not produce anything, rather, they just simply move money around, and skim off what they can. Goldman Sachs simply operates an elaborate game of fraud and theft.

[Kai Beriones]

02:43 PM on 01/19/2010

Goldman raked in nearly $100 million a day in trading profits. In all, the firm is expected to have earned $12 billion in 2009. They gave only 1 million to help Haiti and said "They would match their employee's donation." Unbelievable greed.

Read more: http://www.time.com/time/business/article/0,8599,1953136,00.html#ixzz0d5WrNa8v

[Kai Beriones]

02:25 PM on 01/19/2010

Greed, greed, greed, what goes around comes around - Karma

[anonimost]

11:21 PM on 01/18/2010

hahahahhahahhahhahahaaa. that is too funny. these guys just don't get it.

[Helen Bohenski]

10:32 PM on 01/18/2010

That's about the same amount of time each day Lloyd Blankfein spends in the bathroom!

[Master-T]

01:20 PM on 01/18/2010

Come on! 11 minutes of a Wall St. banker's time is a gift! They're so important the people of Haiti should be grateful to get anything more than 10 minutes!

[digger0007]

09:42 AM on 01/18/2010

One million out of the bonus pool of billions.

Yeah, doing God's work indeed. Liars and hypocrites.

[denny8844]

09:39 AM on 01/18/2010

Wonderfully put. Not only are they clueless but they are politically tone deaf, per the way they are handling the bonuses after we bailed those clowns out and really kept their jobs for them

[AlaskanSticks]

07:01 AM on 01/18/2010

Corporate greed run amuck. This is CLEARLY a smoke screen to hide what they are doing.

Try looking at it this way, this year alone, they had put away 17 BILLION into an account for bonuses. THEN they happily took 10 billioin from us as a bailout. Looking back, they should have bailed us out!!!

The top guy there makes 68.5 million a year, his two next executives make 67.5 million a year.

They are expected to pay out roughly 23 Billion in bonuses this year. Oh,,,,,,,,,,,,but to try and squelch the protestors outside their offices, they are not paying cash bonuses to their top 30 executives. No their bonuses are hidden as restricted stock options, not payable for 5 years. They are still giving their regular bonuses to all the rest of their employees.

If they want any respect I suggest they all GIVE their bonuses up to Haiti, at least TRY and prove some of them are human.

WE SHOULD LOOK AT WHAT THE BRITISH ARE DOING IT. While we have claims that we are going to loose our markets to them,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,they are taxing their executive bonuses at a rate of %50. If we taxed ours at say 30% it seems to me they would still be getting over.

30% of their bonuses this year alone would be 6.9 Billion Dollars. That would easily cover the reconstruction of the entire country of Haiti. Heck we could line their streets in gold just for fun.

[crackys]

05:39 AM on 01/18/2010

So true!

[Trumpianist]

02:47 AM on 01/18/2010

Heartless pricks.

Reminds me of Dr. Evil thinking a million dollars was a lot of money...