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(CNBC)   Remember Goldman Sachs, it's down the road, not across the street   (cnbc.com) divider line 30
    More: Spiffy, Goldman Sachs  
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1844 clicks; posted to Business » on 05 Jun 2012 at 12:07 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-06-05 07:59:57 AM
Good riddance. maybe they can get a job doing something productive like digging ditches or rounding up stray dogs
 
2012-06-05 08:20:37 AM
1.bp.blogspot.com
 
2012-06-05 08:40:44 AM
Aww, poor mistreated bankers. Now they have to go cash in any favors they had with other firms and grovel for jobs. Good, I say. A little humiliation in lieu of jail time may do them some good.
 
2012-06-05 08:54:27 AM
Goldman Sachs [GS 91.00 -1.64 (-1.77%) ] laid off roughly 50 people last week, according to people briefed on the matter but not authorized to speak on the record. The cutbacks have rattled some people in the firm, in part because a number of the employees were managing directors and on the higher end of Goldman's pay scale. Managing directors make a base of $500,000 and receive an annual bonus that can climb into the millions of dollars.

I bet most people here could retire pretty well on one year at this pay.
 
2012-06-05 10:49:42 AM

basemetal: [1.bp.blogspot.com image 640x424]


Might as well...
 
2012-06-05 12:05:33 PM
I'd have no problem with layoffs except that they always seem to drop the wrong people. It's the CEO and his ilk who are farking up, nobody less. Get rid of them and the battle's already half over.
 
2012-06-05 12:14:54 PM

Generation_D: Goldman Sachs [GS 91.00 -1.64 (-1.77%) ] laid off roughly 50 people last week, according to people briefed on the matter but not authorized to speak on the record. The cutbacks have rattled some people in the firm, in part because a number of the employees were managing directors and on the higher end of Goldman's pay scale. Managing directors make a base of $500,000 and receive an annual bonus that can climb into the millions of dollars.

I bet most people here could retire pretty well on one year at this pay.


except for the MDs themselves
 
2012-06-05 12:15:32 PM
So, when the indictments come down, these will be "former employees".
 
2012-06-05 12:17:42 PM
Awesome! More money for shareholders!
 
2012-06-05 12:28:50 PM
Goldman Sachs [GS 91.81 0.81 (+0.89%) ] laid off roughly 50 people last week, according to people briefed on the matter but not authorized to speak on the record.
Last week's layoffs are seen as a sign that Goldman is looking further up the food chain for additional cuts after already slashing 8.5 percent of its work force, or 3,000 people, in the last year.


Their company may be in near-infinite turmoil, but we'd better start by firing the interns. Only after we fire 3000 peons can we even think of touching our mid-level management.
 
2012-06-05 12:34:19 PM
Yay! People more successful than I am are suffering!
 
2012-06-05 12:40:36 PM

Jjaro: Yay! People more successful than I am are suffering!


More successful in blowing away good opportunities, more like it. These people are scum who happen to have large bank accounts.

/and no, they won't sleep with you
 
2012-06-05 12:44:13 PM

cleveralthere: Good riddance. maybe they can get a job doing something productive like digging ditches or rounding up stray dogs


It's Goldman Sachs - so they're all going to work in the US Treasury Dept.
 
2012-06-05 12:47:50 PM
Oblig...

4.bp.blogspot.com
 
2012-06-05 01:34:02 PM
wesleybauman.files.wordpress.com
 
2012-06-05 01:49:15 PM

Jjaro: Yay! People more successful than I am are suffering!


I know you're being sarcastic, but...yep! Exactly!

Do you think if you defend them, they're going to let you join their exclusive club? Not gonna happen.
 
2012-06-05 02:00:00 PM

simplicimus: So, when the indictments come down, these will be "former employees".


Bingo
 
2012-06-05 02:17:03 PM

Jjaro: Yay! People more successful than I am are suffering!




Sure smells like Stockholm Syndrome in here.
 
2012-06-05 02:25:47 PM

Fuggin Bizzy: Jjaro: Yay! People more successful than I am are suffering!

I know you're being sarcastic, but...yep! Exactly!

Do you think if you defend them, they're going to let you join their exclusive club? Not gonna happen.


Do you think maybe he's not defending them to gain access to the club for himself, but rather because he's not afflicted with the same all-consuming jealousy that you are?
 
2012-06-05 02:30:37 PM

Jjaro: Yay! People more successful than I am are suffering!


I agree with this guy. These misunderstood bankers were extraordinarily successful at generating bundles of toxic securities which they then sold to investors and bet against, themselves, necessitating a bailout and contributing to the current financial crises in the US and Europe.

I am successful at writing run-on sentences.
 
2012-06-05 03:26:42 PM

The My Little Pony Killer: I'd have no problem with layoffs except that they always seem to drop the wrong people. It's the CEO and his ilk who are farking up, nobody less. Get rid of them and the battle's already half over.


Not really. Take a look at AIG, it was two unit heads that really farked it up. Goldman's recent big loss, one small unit in London. Changing the CEO will do nothing, we need to change the regulatory regime.
 
2012-06-05 03:42:02 PM

Jjaro: Yay! People more successful than I am are suffering!


Success will not blind God to the wickedness of the wicked.
 
2012-06-05 03:49:48 PM

RminusQ: Goldman Sachs [GS 91.81 0.81 (+0.89%) ] laid off roughly 50 people last week, according to people briefed on the matter but not authorized to speak on the record.
Last week's layoffs are seen as a sign that Goldman is looking further up the food chain for additional cuts after already slashing 8.5 percent of its work force, or 3,000 people, in the last year.

Their company may be in near-infinite turmoil, but we'd better start by firing the interns. Only after we fire 3000 peons can we even think of touching our mid-level management.


Goldman regularly cuts the weakest performers, regardless of how the bottom line is doing.

you could be a trader that is beating the firm's cost of funding, and still face the axe.

anyone that works for a firm like that deserves no sympathy, even the peons.
 
2012-06-05 04:45:48 PM

Debeo Summa Credo: Do you think maybe he's not defending them to gain access to the club for himself, but rather because he's not afflicted with the same all-consuming jealousy that you are?


Oh, my jealousy is not either all-consuming. It's at most 38.27% consuming. Roughly.
 
2012-06-05 05:13:15 PM

Fuggin Bizzy: Jjaro: Yay! People more successful than I am are suffering!

I know you're being sarcastic, but...yep! Exactly!

Do you think if you defend them, they're going to let you join their exclusive club? Not gonna happen.


Nope, that's not why I'm "in their exclusive club."
 
2012-06-05 05:24:04 PM

Jjaro: Do you think if you defend them, they're going to let you join their exclusive club? Not gonna happen.

Nope, that's not why I'm "in their exclusive club."


An Internet millionaire! How about that. Similar to the more common Internet Tough Guy, but more rare. Earlier today I saw a sandhill crane. It's been a good day for things like that.
 
2012-06-05 09:37:56 PM
images3.wikia.nocookie.net
 
2012-06-06 06:55:06 AM
One can only fire so many regular staff. Basic shiat still has to get done, and oddly enough... the middle/upper mgmt don't really 'do' that much to keep any organization actually going.
 
2012-06-06 09:11:20 AM

Fuggin Bizzy: Jjaro: Do you think if you defend them, they're going to let you join their exclusive club? Not gonna happen.

Nope, that's not why I'm "in their exclusive club."

An Internet millionaire! How about that. Similar to the more common Internet Tough Guy, but more rare. Earlier today I saw a sandhill crane. It's been a good day for things like that.


I never said I was a millionaire.
 
2012-06-07 11:41:09 PM

Debeo Summa Credo: Fuggin Bizzy: Jjaro: Yay! People more successful than I am are suffering!

I know you're being sarcastic, but...yep! Exactly!

Do you think if you defend them, they're going to let you join their exclusive club? Not gonna happen.

Do you think maybe he's not defending them to gain access to the club for himself, but rather because he's not afflicted with the same all-consuming jealousy that you are?


There's a difference between rich people (whom most people never envy) and assholes with money. Too many people who run things on Wall Street belong to category #2.

Why would you ever want to be like someone you despise?
 
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