Goldman Sachs fighting own shareholders

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Submitted by dbapig on December 4, 2009 - 10:45am

On way home last night I heard on Marketwatch of NPR talk about how Goldman Sachs is visiting major shareholders to keep them quiet on the scheduled bonuses for Goldman Sachs employees. Apparently some major investors are opposed to the gigantic bonuses that will be given to the employees.
The reporter said Goldman is visiting shareholders to ask them to be quiet.

So who owns who? Shareholders or exes at GS?

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let's just face it. Banksters
Submitted by flu on December 4, 2009 - 10:55am.

let's just face it. Banksters bonuses aren't going away...Just look at what Bank of America is trying to do...Repay part of tarp so they can give out bigger bonuses so they can find a replacement CEO wants the job...I called this months ago. Take away the bonuses, the exec will just walk to another bank.
Thi isn't going to change. The only thing that media and the administration did was make a bunch of mainstreet people pissed. But effectively, nothing is going to get done about it...Clearly this administration for instance is now backpeddling on these bonus payments. Notice, you don't hear about it anymore. I guess everyone's too busy dealing with the healthcare bills. Lol.

When you buy shares of a
Submitted by davelj on December 4, 2009 - 11:25am.

When you buy shares of a large publicly-traded company in which you have practically zero control, you should be prepared to get screwed. Period. In most cases, Agents will place their own interests beneath those of Principals only to the minimal extent that's necessary to avoid getting fired.

If you don't have some modicum of control over a corporate entity or if the Agents are not also major Principals as well, prepare to get abused.

"When you buy shares of a
Submitted by outtamojo on December 4, 2009 - 11:31am.

"When you buy shares of a large publicly-traded company in which you have practically zero control, you should be prepared to get screwed"

...and that is why I laugh at the various articles thought the years about how you should "invest like Warren Buffet."