Don’t feel sorry for Goldman management
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“The company’s decision was intended to quiet some of the popular dissent about Wall Street prospering while Main Street is still struggling and, like some of the other image-repair work they’ve done this year, it may not have the desired effect, though you can easily understand how the phrase “not paying cash bonuses” must have sounded irresistible when the idea was first floated amongst the executive staff.”
December 16, 2009