Kudos to Goldman Sachs…
By Mike Myatt, Chief Strategy Officer, N2growth
Kudos to the top 7 C-level executives at Goldman Sachs for agreeing to forego their bonuses this year…Goldman Sachs CEO Lloyd Blankfein, Presidents and co-Chief Operating Officers Jon Winkelried and Gary Cohn, CFO David Viniar, and three vice chairmen: J Michael Evans, Michael Sherwood and John Weinberg all voluntarily refused their annual bonuses. Only 11 days ago I authored a post (“It’s Bonus Time Baby…“) severely admonishing Goldman Sachs for planning to dole out nearly $7 Billion dollars in bonuses while accepting $10 Billion dollars of Bailout funding. As critical as I can be at times when I sense something is afoul, I am also quick to tip my hat to those who do the right thing…Congratulations gentlemen.