Goldman shareholders fight bonuses

This company is run by expensive idiots that are well connected politically but lack any real investment knowledge.  They were bailed out by the US government when they received payments from AIG (12 Billion from US Government).  No one in the entire company was aware the company that insured their poor idiot investments was also going out of business.   How could anyone give money to an investment organization that was really Bankrupt because of poor business decisions but survived due to Government intervention?  Only the rich who want status and the weak minded would have this business invest their money.  They obviously know nothing of risk management which at an INVESTMENT FIRM should be the number 1 priority for their clients.  If you made money on the stock price because you knew the Hank Paulson (A former Goldman EXEC) was going to bail them out congrats, but worrying where these "Smart Executives" will go is laughable.  If you use Goldman you are not buying a well run business institution but a politically connected organization that tries to invest money like any other shmuck and charges you way too much but provides political cover. 

Do not let the business media which is another set of idiots convince you that these people deserve this money because they are so smart.  The business media is well aware if the compensation is changed and the executives receive less money and those executives become millionaires and Billionaires some people they are friends with (The Execs) and their own salaries would also have to come into question. Business journalists have such a bias because they have a dog in this fight.  Do you pay the reporter that does an interview with the President of the United States the same amount of money as the reporter who interviews a local politician?  Of course not, the reporter that does the Presidential interview will be making millions while the local reporter is just making a living.  When they make these statements they are protecting themselves.  Stockholders should demand the reduction in Executive Salaries without any fear.  The Hedge fund industry that suffered just as much if not more in the last downturn will offer very few jobs so let them go.

the author has ended his stint at being a reporter and now joined the countless knuckleheads that have an opinion.

lets review

fact goldman sachs was about to fall of the cliff, had to run to daddy (gov't) to get help, now claims they are all geniuses and should get big bonuses.

bravo shareholders , stock prices do not reflect real performance yet , as to great talent, plenty more on the street right now that would accept alot less and do a better job. 

all those slick mba's seemed to ignore real economics. demand for employees is low, supply is high, guess what you are a thin commodity.

go back to work, make some real profits and then we will see if you deserve your jobs!!!!

No person should be paid by a private company more than the leader of the country is paid. Period.  All this talk about talent loss and company survival is ridiculous. It was these so called talented people who couldn't read the writing on the wall and got us into this mess in the first place.

 My tenth grader saw this mess coming from watching the market in his social sciences and economics classes and warned me to get out. Thank fully I listened and didn't lose much. Now these same "talented" people are back to business as usual.

 I can't wait for the stockholders to show up at the doors with pitchforks and torches to get rid of these madmen who are playing with their life savings like they didn't have a care in the world.