No cash bonus for Goldman Sachs

**bugzy** · 12-10-2009, 11:47 AM

Top 30 at Goldman Will Get Stock, Not Cash, as Bonus - NYTimes.com

i like it ... they giving out "special stocks" instead of cash bonus

i have no idea what that means exactly, but i like the idea

id guess something like a 3 yr til vesting into the bonus would be better than straight cash ... or at least anything that is better than straight cash bonus

bold move Mr Blankfein

**Euro** · 12-10-2009 11:47 AM

**Rhynolite** · 12-10-2009, 01:04 PM

So essentially he's binding all the head honchos into the company with him by giving them situational shares.. you fuck up or leave, we take away your bonus.

Cruel move on his part in my eyes, but those guys are probably raking in multimillions anyways, this is probably just pocket change for them.

**bugzy** · 12-10-2009, 01:08 PM

Originally Posted by Rhynolite

So essentially he's binding all the head honchos into the company with him by giving them situational shares.. you fuck up or leave, we take away your bonus.

Cruel move on his part in my eyes, but those guys are probably raking in multimillions anyways, this is probably just pocket change for them.

well, my comment was a suggestion/inference

i dont know what they mean by "special stocks"

but i think that would be cool idea

**FunkTron** · 12-10-2009, 01:39 PM

I applaud it. Basing a persons bonus based on company performance is good in that it puts incentive on EVERYONE doing well.

**Rhynolite** · 12-10-2009, 03:10 PM

Originally Posted by bugzy

well, my comment was a suggestion/inference

i dont know what they mean by "special stocks"

but i think that would be cool idea

This year, he and other top executives will receive bonuses in the form of what Goldman called “shares at risk,” or stock that cannot be sold for five years and can be retracted if the executive does something reckless or risky that hurts the firm.

AKA "you're with us for at least another five years or we'll find a reason to revoke your bonus"

Originally Posted by FunkTron

I applaud it. Basing a persons bonus based on company performance is good in that it puts incentive on EVERYONE doing well.

I agree in general, but Goldman can pretty much control how well their company/stock is doing from day to day by releasing some random announcements. They have enough smart accountants in there to get their profit figures and costs to wherever they want them to be.