Hey, no big deal — you run a company rife with conflicts of interest, you help crater the economy, costing millions of jobs and trillions of dollars in wealth…and you keep racking up more and more money. Life is good for Lloyd Blankfein.
The Goldman Sachs Group Inc. chairman and chief executive’s stock bonus jumped to its highest level since the financial crisis, capping a rebound year at the giant securities firm.
Goldman on Friday awarded Mr. Blankfein $13.3 million in restricted stock for 2012, according to a securities filing. That is up 90% from a year earlier and is likely to push his total pay above $21 million—a level that could restore him to a spot he once routinely held as the highest-paid top executive on Wall Street.
Let’s remember what Sen. Carl Levin found out:
“Our investigation found a financial snake pit rife with greed, conflicts of interest, and wrongdoing”
Shrug. Not a worry for Blankfein — no one has had the courage to come after him personally so he’ll just keep cashing those checks. Exhibit #1 for the anger of people around the country.