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Goldman Chief Defends Employees' Pay

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JUST LET IT GO ALREADY. TAKE YOUR MONEY, AND LET. IT. GO.
"Goldman Sachs pays its employees more than other financial groups because its employees are more productive, declared Lloyd Blankfein, Goldman chief executive, at an industry conference on Tuesday," according to the Financial Times. “I often hear references to higher compensation at Goldman,” said Mr Blankfein. “What people fail to mention is that net income generated per head is a multiple of our peer average. The people of Goldman Sachs are among the most productive in the world.”

And just like that, a line has been crossed where the defense of the egregious compensation is now worse than the compensation itself. Just let it go, Lloyd.
SOURCE:   Financial Times

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