The Bizarro World of Wall Street: Goldman Refuses Shareholder Request to Examine Executive Overcompensation! AIG Employees Furious at Efforts to Reduce Pay!

Written by Jim McGrath Thursday, 04 March 2010 17:12

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That the banks are laws unto themselves and exist for the top execs shines through more than ever in the recent Goldman board of directors refusal to grant sharelholders' requests to investigate overcompensation for executives.  A reasonable request in light of the fact they are only surviving due to government largesse. Any normal firm would have gone out of business, and their feeling of entitlement with them.  For the full story, see  http://www.businessinsider.com/goldman-sachs-wont-investigate-executive-pay-2010-3

Worse, they are angry over any efforts to curtail their pay. (See Such "Transcripts Reveal Anger of AIG Employees Toward Politicians, Public," http://www.washingtonpost.com/wp-dyn/content/article/2010/03/03/AR2010030303764.html  

Such hubris is probably unimaginable beyond the narrow, insular confines of New York and Washington, but lives it does, in the firms and hearts of those who control this nation financially.  We feel that they should be lose their jobs, broken up and their salaries and bonuses recouped for their victims and we invite all to join us to push for this antitrust, free-market drive.

THEIR BONUSES COME FROM GOVERNMENT BAILOUT MONEY REALLY FOR THEIR FAILURES!  GIVE IT BACK!