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(New York Magazine) Stupid Goldman Sachs employees literally in tears upon learning that their reduced bonuses will not buy a small enough violin   (nymag.com) divider line 195
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20375 clicks; posted to Main » on 20 Jan 2012 at 6:11 AM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»   |    Get this fabulous T-Shirt and impress the methane out of your friends! shirt it!



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2012-01-19 08:51:18 PM
The heartbreak and despair is obvious:

"A midlevel Goldman Sachs employee who works in the Fixed Income, Currency and Commodities division put it this way: "It's a bloodbath. People are trying to put on a strong face but there are a lot of clenched jaws."

Cry me a farking river, you twat. You want to see a "bloodbath"? Why don't you have a look at the smoldering wreck that was the 401ks, pensions and investment plans of millions of American workers, organizations and smaller investment operations. Oh, and don't miss the still sinking barge of mortgages that your wreckless CDS activity torpedoed (that faint cry you hear from your glass office is the millions of evicted Americans who lost all value in their homes thanks to your profiteering).

But, you're right. People are putting on a strong face - so they can try to hide their worry and pain from their kids, neighbors, coworkers, church group friends, etc. And yes, they have clenched jaws - the same folks that you bankrupted for your own gain are trying very hard not to storm your gold encrusted office and tar and feather every last one of you.
 
2012-01-19 09:02:28 PM
go fark yourselves you thieving con men.
 
2012-01-19 09:20:05 PM
Oh, are we whining about how big our bonuses are now? How hard we worked to screw others over, only to receive a few tens of thousands of dollars in compensation? Going to tell me how hard it is to do your jobs? How precious your talent, how brilliant your mind?

Trade me places for one month. You tackle my simplistic job of 'game designer' and I'll do your insufferable job at Goldman Sachs. If I can't out earn you what you made that month last year, I'll give you my bonus. If I can, you give me yours.

Put your money where your mouth is.
 
2012-01-19 09:26:59 PM
My number was so low I thought I was fired.

Must be nice to work somewhere where you think you're getting fired because you received a bonus.

/no sympathy, ever
 
2012-01-19 09:41:39 PM
God I hope this is fake.
 
2012-01-19 10:22:34 PM
Fark them. Anally. With a 3 meter sharpened bamboo pole dipped in wet pig manure. Dry.
 
2012-01-19 10:37:01 PM
GAT_00: God I hope this is fake.

That would be nice, wouldn't it?
 
2012-01-19 10:59:31 PM
teto85: Fark them. Anally. With a 3 meter sharpened bamboo pole dipped in wet pig manure. Dry.

This line from George Carlin (NSFW language) is entirely relevant to your comment. :D
 
2012-01-19 11:59:47 PM
Remind me again why Goldman Sachs is allowed to exist after the hand they hand in tanking the financial markets?
 
2012-01-20 12:55:51 AM
God, I hope they can pull through.
 
2012-01-20 01:04:32 AM
I'm personally down 20% which was exactly the right level to piss me off but not enough to make me dive across the desk and beat my boss to death.

Does this mean that base salaries are the same but that their massive bonuses are only 4/5ths of what they were last year? Come on.

I know I can get a little pissy about my compensation at work, but Wall Streeters make me sound like Oliver Twist asking politely for more.

/although if they weren't competitive over their money, they probably wouldn't be cut out for Wall Street
 
2012-01-20 01:31:28 AM
FishyFred:

/although if they weren't competitive greedy bastards over their money, they probably wouldn't be cut out for Wall Street


FTFY.

And pretty much by definition you've identified why Wall Street is very likely to completely trash the economy about 52 seconds after everyone begins to relax and think the worst is over...and start thinking that the Markets really are totally great for everybody.

I have mixed feelings about strong regulation of The Street since it might have the effect of saving some of the lives of these whiners when someone might otherwise have snapped and gone on a rampage through trading floors there in the next disaster. Save the economy but save them from bloody carnage. Sigh. I guess you can't have everything.
 
2012-01-20 02:37:42 AM
WhyteRaven74: Remind me again why Goldman Sachs is allowed to exist after the hand they hand in tanking the financial markets?

Because they own the country.
 
2012-01-20 03:43:59 AM
quickdraw: WhyteRaven74: Remind me again why Goldman Sachs is allowed to exist after the hand they hand in tanking the financial markets?

Because they own the country.


Nyah, they just have lien on it. Totally different.
 
2012-01-20 06:17:35 AM
scum lapping shiat bags. i have more respect for hookers, junkies and used car salesmen. they work for their money.
 
2012-01-20 06:19:14 AM
quickdraw: WhyteRaven74: Remind me again why Goldman Sachs is allowed to exist after the hand they hand in tanking the financial markets?

Because they own the country.
POLITICIANS

Because most politicians are money-grubbing SOBs themselves,
 
2012-01-20 06:20:09 AM
A source told Dealbreaker that base salaries are not being reduced and said, "I'm personally down 20% which was exactly the right level to piss me off but not enough to make me dive across the desk and beat my boss to death." Now that'd be a story a blog could run with.

A national tragedy has been averted. Imagine if a one of the managing partners at Goldman Sachs had been killed because he reduced someone's bonus by 21%. The world would never recover from the loss.
 
2012-01-20 06:20:17 AM
For all the hate here, I'm pretty sure the people who are actually worried about the bonuses aren't the ones with the golden parachutes who did the economic raping, they're a bunch of low and mid level schmos living paycheck to paycheck like the rest of us.
 
ZAZ [TotalFark]
2012-01-20 06:21:45 AM
It may be a 20% cut on paper, but understand he leveraged his bonus into a big bet on the Goldman Sachs bonus derivatives market. He's actually in the hole for about 17 billion dollars. He did buy bonus cut swaps to hedge against the risk, but the guy who sold him the swaps also sold the same insurance to the whole firm. Poor guy is probably out a trillion or so.
 
2012-01-20 06:23:00 AM
When thousands, even millions, of Americans have lost their homes and job it takes real balls to biatch about getting a bonus that isn't quite as huge as you had hoped.
 
2012-01-20 06:25:08 AM
Maybe the disappointed ones will jump from the 37th floor now.
 
2012-01-20 06:26:34 AM
leevis: For all the hate here, I'm pretty sure the people who are actually worried about the bonuses aren't the ones with the golden parachutes who did the economic raping, they're a bunch of low and mid level schmos living paycheck to paycheck like the rest of us.

i.imgur.com
They bought their tickets. They knew what they were getting into.
 
2012-01-20 06:29:02 AM
Some people need to learn how to work without the expectation of reward.
Yes you still get paid, but you don't make an ass of yourself when things almost always turn out worse than you expected.
This is the true entitlement mentality that has ruined this country.
 
2012-01-20 06:29:34 AM
JUMP, YOU F*CKERS!
 
2012-01-20 06:37:16 AM
Goldman-Sachs. The Webster's definition of "sociopaths".
 
2012-01-20 06:37:34 AM
New bonus. What do you think?
Whoa. Very nice. Take a look...
It is very cool, Bateman. But that's nothing.
Look at this.
That's really nice...
What do you think?
Nice.
Jesus. This is really super. How'd a nitwit like you get so tasteful?
I can't believe that Price prefers McDermott's bonus to mine.
But wait. You ain't seen nothin' yet...
Impressive. Very nice. Let's see Paul Owen's bonus.
Look at that subtle off-white coloring. The tasteful thickness of it. Oh my God, it even has a watermark...
Is something wrong? Patrick...you're sweating.
 
2012-01-20 06:39:26 AM
OH, THE HUMANITY.
 
2012-01-20 06:39:32 AM
Goldman Sachs offices needs be cleaned out. By legions of this guy.
img154.imageshack.us
 
2012-01-20 06:39:32 AM
You know, there's only one way that my mind is able to process this type of behavior.

In my head, the reporter is standing outside of the building and he had to interview 50 people who all said something similar to "You know, my bonus was down a little from the past, but with what has happened economically in this country makes me feel lucky to have a job, let alone one that pays me more than an adequate wage". But then he finds this guy who is up in arms about his being screwed by the company he does very little work for and gets 6 figures+ who rants for about 5 minutes and then gets in this bmw and runs over a homeless man and stops to pee on him before heading home.

But the sad reality of it all is that the company was probably bursting at the seams with overgrown children who were all throwing a temper tantrum like Clark Griswold on Christmas Vacation when he got his jelly of the month certificate instead of his huge bonus. The fact that my second description is probably the truth really makes me loathe these kind of people. And that's unfortunate because while I think it's stupid that these people are paid these sums of money, I do have to applaud them for fooling the world into thinking they're worth that money and if the roles were reversed, I would probably take the same road they have.
 
2012-01-20 06:43:24 AM
1. lobby to get the wall separating commercial banking and investment banking torn down

2. lobby to get regulations on who you can loan to and how overextended you can take your bank dropped.

3. create a new derivatives market that's totally unregulated in which you can make default swaps

4. make tons of new ,risky mortgage loans creating a huge bubble in the prices.

5. bundle them with semi good loans to get them rated AAA then sell them off to unwary retirement account managers

6. profit
 
2012-01-20 06:50:58 AM
One of my sources at New York Magazine told me that their editor shiats into a golden toilet and wipes with handcut $100 bills fresh from the mint.
 
2012-01-20 06:55:07 AM
img.photobucket.com
 
2012-01-20 06:55:19 AM
Some people might lose access to their share of a private jet over this. Try putting yourself in their shoes before sounding like miserable crybabies.
 
2012-01-20 07:00:36 AM
Banking should be done by the government. It's too important to be left in the hands of a bunch of spoiled brat, corrupt, greedy, incompetent, morons. I think the last 20 years have proven that. Plus, it's so simple that it is basically free money. The only hard part, and even it is not very hard, is raping the system and not getting caught.

As for wall street, public companies should show their costs and profits, their stock prices should be set based on them, and they should not be allowed to sell more than a certain percentage of their income in stocks. All those idiots throwing pieces of paper at each other in that big room can go work in carnivals, where their skills might be useful.

Fark these twats.
 
2012-01-20 07:04:27 AM
Well bless their hearts.
 
2012-01-20 07:10:52 AM
These are, literally the scum of the earth, these people produce NOTHING they don't create anything, they just move money around. Cry me a farking river and pray bonus day doesn't become put up against the wall day, scumbags.
 
2012-01-20 07:12:43 AM
At least we can take comfort in the knowledge that their entire self-worth is tied to their bonus and they've been told, in effect, that they suck. If this leads to only one suicide, it will have been worth it.
 
2012-01-20 07:13:58 AM
What is this 'bonus' you speak of?
 
2012-01-20 07:14:30 AM
You can best bet the top level executives got their bonus's and based on what I read
stole everyone elses bonus money as well.
 
2012-01-20 07:14:52 AM
Goldman Sachs Bonus Day Is a "Bloodbath"

Never in my life have I so badly wanted a headline to be literal,
 
2012-01-20 07:17:28 AM
Pretty much everything you wrote is dead wrong. Your post is a crystallization of the complete idiocy and utter cluelessness of the anti-wall street fark brigade.

Couple points :
- just because someone makes more money than you doesn't mean hey stole it
- just because you aren't doing as well as you hoped (either employment or housingwise) doesnt mean you were cheated. You farked up. Deal with it.
 
2012-01-20 07:18:21 AM
rev. dave: Some people need to learn how to work without the expectation of reward.And what would the point of that be? How many people would go to work if there was no prospect of any kind of compensation, now or in the future?

These people jumped aboard the gravy train when they had the chance and have cashed in. Fair farking play.

They're trying really, really hard to be dicks about it, though.
 
2012-01-20 07:18:47 AM
Debeo Summa Credo: Pretty much everything you wrote is dead wrong. Your post is a crystallization of the complete idiocy and utter cluelessness of the anti-wall street fark brigade.

Couple points :
- just because someone makes more money than you doesn't mean hey stole it
- just because you aren't doing as well as you hoped (either employment or housingwise) doesnt mean you were cheated. You farked up. Deal with it.


Whoops, it lost the post I was referring to, but that's okay, there are about a couple dozen for which it would work.
 
2012-01-20 07:19:03 AM
Since their bonuses are actually part of their annual salary, that's pretty hard for people who have built their lives around a particular salary. However, these people work for Goldman Sachs. Are they completely unaware of what is going on outside those walls? Personally, if I was going to take a 20% pay cut, I'd just find a job that doesn't rape my soul and society at large.
 
2012-01-20 07:19:14 AM
From the more detailed NYT article:

employees at the firm were once paid their yearly bonuses in stacks of $100,000 checks ($100,000 being the biggest single-check amount the firm's payroll system could process).

I'm usually a pretty peaceful person but that just makes me want to grab the nearest pitchfork and torch.
 
2012-01-20 07:20:54 AM
BarbadoSlim: These are, literally the scum of the earth, these people produce NOTHING they don't create anything, they just move money around. Cry me a farking river and pray bonus day doesn't become put up against the wall day, scumbags.

"up against the wall" day? I love this ITG threat. You don't have the balls.
 
2012-01-20 07:23:37 AM
If I ever get terminal cancer, I'm taking a financial services shiat stain with me.

When enouh people have nothing more to lose, things will change.

Violently.
 
2012-01-20 07:25:01 AM
FishyFred: I'm personally down 20% which was exactly the right level to piss me off but not enough to make me dive across the desk and beat my boss to death.

TRY GETTING A RESERVATION AT DORSIA NOW YOU farkING STUPID BASTARD! YOU, farkING BASTARD!

ewpopwatch.files.wordpress.com
 
2012-01-20 07:26:24 AM
over here the Tory press would be biatching and moaning we shouldn't upset the goose that's laying the golden eggs.
In my view there more akin to a cuckoo that's spent most of it's time pushing out all the other forms of employment abroad and now that's finished they've moved onto to laying dogs eggs in our laps.
time to stuff them in the oven and serve them up for dinner.
 
2012-01-20 07:30:35 AM
Bwahahahhaha. A "bonus" is just that - extra. Variable. b..b..b..ut its a part of my salary! Its in my contract! Bwahahahaahha. A contract can be changed in a second and ooops, there just wasn't as much money for bonuses as we thought, here have a percentage of what you thought you might be worth. A bonus should never, ever be counted on.
 
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