Goldman Takes Offensive on Pay – WSJ.com

Goldman Takes Offensive on Pay – WSJ.com

The private discussions are a first for Goldman, several shareholders said, as the Wall Street firm finds its self on the defensive over its pay, where employees are on track to earn an average of more than $700,000 apiece this year. The meetings are expected to last several more weeks and come as shareholders are filing proposals aimed at restricting pay at Goldman.

This is the way executive pay should have been limited in the beginning… from shareholders and NOT the government.

Notice BoA is paying back all of it’s TARP money so they can find an adequate replacement for Ken Lewis

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