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17 Nov 08
Goldman top execs walk away from estimated $57 million in bonuses - Financial Week
That's mighty noble but looks at this: “The way they determine bonuses is largely subjective,” said David Schmidt, a consultant at James F. Reda, a New York-based compensation consultant. “It’s almost impossible to know what they would have earned.”
18 Sep 08
INSTANT VIEW: Morgan Stanley, Goldman, trust banks tumble | Reuters
We seem to be moiving into incredibly dangerous territory. Donning tin foil hat.
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