Comments on: Time Magazine CEO Worship

By: vetinari

vetinari — Mon, 31 Aug 2009 02:55:27 +0000

“In the second quarter of 2009, GS paid its employees $6.65 billion and announced a total bonus pool for the first half of $11.4bn. Dividends were in the range of $180 million.”

So do all these numbers cover the same time period? And are dividends the sole measure of success that traders are judged by? These numbers are astounding regardless, but I’d like to understand them a little better.

By: Hugh

Hugh — Mon, 31 Aug 2009 01:22:53 +0000

Time Magazine is part of the MSM. So it is natural that it would do a puff piece on Blankfein. The MSM is about bread and circuses, infotainment and propaganda. The truth about Goldman is that it is a purely predatory entity, it serves no useful market function, its gaming and rigging of markets results in market instability and great wealth destruction to others. It simply shouldn’t be allowed to exist. And let’s face it, it is pretty damn easy to be the smartest guys in the room when the government bails you out to the tune of tens of billions everytime you fuck up.

By: BMcGarth

BMcGarth — Sun, 30 Aug 2009 21:05:48 +0000

Time is doing their part,priming the populace for the next go-round of tax payers $s.Afterall,these companies have to be seen as pretine & good so that at the next economic meltdown you must pay for ‘em to stick around & do the same all over again.

By: Gitcheegumee

Gitcheegumee — Sun, 30 Aug 2009 20:12:28 +0000

Ssh…don’t let them know how grateful we are for that rarified air..they may find a way to start charging us $$ for it! *G*

By: PeterVE

PeterVE — Sun, 30 Aug 2009 19:57:45 +0000

Last week a wonderful article detailing Newt Gingrich’s no doubt heartfelt conversion to the Catholic Church. This week a tongue bath for Lloyd Blankfein. I’m glad Time is around to let us peasants know how lucky we are to breathe the same air as these Gods.

By: PJEvans

PJEvans — Sun, 30 Aug 2009 19:21:40 +0000

I think I’d tell her, ‘Fine, hand over your tickets, because we don’t want you here.’

By: dakine01

dakine01 — Sun, 30 Aug 2009 18:48:19 +0000

That attitude (or a variant) has been around for years. Think Ed Meese as “struggling middle class making $100k” during the REagan years

By: Mommybrain

Mommybrain — Sun, 30 Aug 2009 18:35:31 +0000

I am reminded of a quote that didn’t get much notice, except from me, I guess. A reporter was talking with an uber-wealthy woman somewhere in Ventura County, who was complaining about having to pay taxes for the illegals who do all the work in the agriculture industry up there.

“Maybe”, she said, “they shouldn’t live here if they don’t make $140,000 a year”.

By: ShotoJamf

ShotoJamf — Sun, 30 Aug 2009 18:35:23 +0000

“…good for the capital markets and the whole world and bunnies…”

And bunnies too? This guy has it all.

“…And in the tradition of the deification article…”

Fixed it for ya.

By: masaccio

masaccio — Sun, 30 Aug 2009 18:12:45 +0000

It looks like the really really rich can’t stand being with the really rich.