21 August 2009

Panic Over Image At Goldman Sachs.

THE DAILY BEAST.

As bonus season approaches, the top execs at Goldman Sachs are worried about another round of bashing in the media.

CEO Lloyd Blankfein"... isn’t paranoid but really concerned about being placed in an untenable position for any CEO who needs to retain talent. If he doesn’t pay his people, many will simply jump ship to other firms—including private-equity firms—that will. If he does, he faces endless negative coverage about how Goldman is making its partners rich at the expense of taxpayers who bailed out the firm last year."