Goldman Sachs, Toll Roads, Conflicts of Interest and BIG HONKING BONUSESSomervell County Salon-Glen Rose, Rainbow, Nemo, Glass....Texas


 

Goldman Sachs, Toll Roads, Conflicts of Interest and BIG HONKING BONUSES
 


23 December 2007 at 11:03:54 AM
salon

Saw via Dungeon Diary this morning that Lloyd Blankein, CEO of Goldman Sachs, who replaced Henry Paulsen, who is now firmly entrenched in the US Treasury position, got a HUGE bonus.

If there was any wonder why the rich are getting richer in America, here is a great example. Lloyd Blankfein, CEO of Goldman Sacks will be celebrating Christmas this year with a tidy $67.9 million dollar bonus. That’s $67,900,000 comprised of cash and some restricted stock. Exorbitant? Maybe but Goldman Sacks seems to have avoided the sub-prime mortgage debacle ...

Since I've been thinking about toll roads the last day or so, seems like a good time to remind that Goldman Sachs is not only profiting from toll roads but has even been involved in conflicts of interest regarding them. Even this NEW CEO, who is now even richer due to the 67.9 MILLION dollar bonus says a bunch of  meaningless misdirection when asked.

Your critics presume the worst about Goldman’s conflicts of interest. What’s your response? 

We take the management of conflicts very seriously. Investment banking has evolved in the past few years. The days of only providing advice are gone. Now clients ask us to advise, finance and, sometimes, invest alongside them. Not only is that easy to reconcile, being a major provider of capital is a good way of ensuring that the advice offered is effective. By the way, at least three quarters of everything we invest in is done at the behest of clients.

One would think that netting this type of money that allows a company to pay THAT kind of bonus ought to be outlawed, especially when at least some of it comes from crooked methods and bilking the public out of public highways.

Here, as a reminder is Mark Florian, COO of the Municipal Finance and Infrastructure Group who also manages the North American Infrastructure Investment Banking Business, testifying before the Texas Legislature in March of 2007.


P.S. Does it strike anyone else as more than unfortunate that the man who is right now in charge of the US Treasury, Henry Paulsen,is also the same man who was CEO at Goldman Sachs when they were accused of such things as conflict of interest? And whose response in the article quoted above was, basically, that people's *perceptions* of the confilct should be changed?


Permalink
     Views: 2256 
Latest Blog Post by salon -Not Ever Voting for Unethical Trump-but I'm not a fan of Biden

 You! Leave a Comment! You Know you Want To!
You must be a registered member to comment on the blog.
Your first post is held pending approval to make sure you're not a spammer bot

 Not registered? Or you can login!

LOGON - Name:Password:

New poster comments are moderated, meaning they won't show up until approved... or not.  Be patient-we have lives outside this blog, so it might take awhile You want to be rude? totally stupid? inappropriate? Racist? Bigoted? Flame war baiter? Your post may be deleted. Spammers or people posting pretend interest comments but really wanting to hawk their latest book or sell stuff or govt propaganda flacks won't see their posts published. Comments do not necessarily reflect the viewpoint of the site owner(salon).
If you have a problem with logging in or registering, please speak up right away. Love your comments. Oh, except spammers
More on commenting



Click Here for Main Page



Guest
Today Is  
Wednesday, September 18, 2019






Latest Posts

Not Ever Voting for Unethical Trump-but I'm not a fan of Biden
salon 9/15/2019

New in Trump's Swampy Government- Emuluments Case Back On
salon 9/15/2019

At what point will this country make sure our elected officials pass gun laws to ensure human safety?
salon 9/15/2019

NY Times has article about Brett Kavanaugh Sexual Assault at Yale
salon 9/15/2019

Final Judgment in State of Texas ex Rel Best v Harper - 9/10/2019
salon 9/10/2019

What Military Projects is Trump Robbing to Pay for his fence on the border?
salon 9/5/2019


More Blog Headlines
 



Comments

salon > Quick update on this, via Pacer-Click on pic to see larger (Turk Case Update- Telephone Conference Hearing Set for March 8 2019 )

salon > Lance Been awhile. Send me an email at salon@glenrose.net with the names of who you're talking about, above. Also, the newspaper editor is no longer local, ie officed here, but the paper is run.... (What Happened to Jerry Jacene? )

LanceHall > I'd love to see the Hotel Guest books and see if Jacene's name shows up long before he officially *found* the tracks.  I'd like to know if the Visitor's Bureau has emails wit.... (What Happened to Jerry Jacene? )

LanceHall > I see the land or that part of it is now in the hands of Glen Rose's own Corky Underwood. Is Jacene still involved?   I had already informed the Visitor Bureau manager (who's.... (What Happened to Jerry Jacene? )








Home | Blog Home | About | News | Piazza | Calendar | Audio/Video/Open Rec | Search
Write!  |profile | quotes |
top Daily | top Weekly |top Month | top Year | Top All! | archives | subscribe RSS

 

%>