Forum Post: Goldman Sachs Enters £8Billion 'Parallel Pay Universe' /// Surely President Obama Is Joking About This 'Have Larry Summers Run The World Bank' Thing!
Posted 5 years ago on Jan. 24, 2012, 5:14 p.m. EST by MonetizingDiscontent
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Goldman Sachs Enters £8Billion "Parallel Pay Universe"
Payout by investment bank – equating to £238,000 per employee – provokes anger among unions
-18 January 2012-
Bankers at Goldman Sachs have been accused of living in a parallel universe after the Wall Street firm announced it had set aside £8bn to pay its staff in 2011 – an average of £238,000 each.
Against a highly charged political backdrop in which the government is pledging to tackle top pay, the potential payments sparked anger among unions and were used as fresh ammunition by campaigners calling for a tax on financial transactions.
A spokesman for the Robin Hood Tax campaign said: "When even in a bad year each Goldman employee pockets an average of $367,000 – nearly 10 times the average UK salary – it is proof that banks live in a parallel universe."
(((Continue Reading this article Here))) http://www.guardian.co.uk/business/2012/jan/18/goldman-sachs-pay-anger
Keiser Report: Dangerous Species of Bankers (((Episode#240)))
Max Keiser and co-host, Stacy Herbert, discuss:
The Federal Open Market Committee getting high on its own money supply
(((Scroll to the 2:50 minute mark in Video))) Bankers leaving the planet to live in £8 Billion Pound "Parallel Pay Universe"
The evidence for the manipulation of precious metals.
(((Scroll to 9:12 minute marker in video))) And -Surely President Obama is Joking about this 'Have Larry Summers run the World Bank Thing!'
(((Scroll to 12:15 minute marker in video))) Google searching Davos
Surely President Obama Is Joking About This 'Have Larry Summers Run The World Bank' Thing!
The hot scoop of the day, where emeritus members of the Committee To Save The World are concerned, is that President Barack Obama is mulling naming former White House economic adviser Larry Summers to head the World Bank... http://www.huffingtonpost.com/2012/01/18/larry-summers-world-bank-chief_n_1213782.html?ncid=edlinkusaolp00000003 ...replacing outgoing Robert Zoellick, whose term will end midway through the year. (This cuts against the previous hot World Bank scoop from last year, where Secretary of State Hillary Clinton was rumored... http://www.huffingtonpost.com/2011/06/09/clinton-world-bank-president_n_874484.html?icid=maing-grid7|main5|dl1|sec1_lnk3|69729 ...to be in the running for the position.)
But, hey! Larry Summers! How does that grab you? And more importantly, does it grab you in a way that threatens to cut off the circulation of blood to your brain?