Comments on: Goldman Top Executives to Forgo 2008 Bonuses

By: Paul Prince

Paul Prince — Tue, 18 Nov 2008 12:39:30 +0000

I like this move too, but the article makes it sound like the executives did this for good motives but weren’t they supposed to do something like this to get our bailout money?

By: Mary@SimplyForties

Mary@SimplyForties — Tue, 18 Nov 2008 04:41:56 +0000

I’m with you JLP, I like this move too and I really like the message that I hope it sends to the rest of the crew out there.

By: Ran

Ran — Tue, 18 Nov 2008 00:12:16 +0000

Only giving up bonus is not going to help? Next smart thing to do is pay reduction for top executives.

By: Ryan Duff

Ryan Duff — Mon, 17 Nov 2008 21:21:02 +0000

If you seriously believe they won’t get their bonus money, you need to pull your head out of the sand (Not a personal attack against anybody, just a generalization). These people’s lives are based around doing everything they can to make as much cash. Do you think a lifestyle change is possible for them? No. Their money will come through back channels and either be off the books or disguised. This is just a PR stunt so they don’t get killed by people who lost their jobs.

By: Esmo

Esmo — Mon, 17 Nov 2008 17:19:53 +0000

It’s important to differentiate between lower level employee bonuses and top executive bonuses.

For obvious reasons, top executives should be taking a pay cut for their poor leadership. However, it really depends for lower level employees if their bonuses are completely based on company-wide profit or meeting their goals – is it really fair to dock someone for doing their job and meeting their quarterly/yearly goals? I’m not saying lower level employees should get a pat on the back, but neither am I saying they shouldn’t get compensated for working hard.

By: JLP

JLP — Mon, 17 Nov 2008 16:37:50 +0000

David,

I’m not celebrating anything. I merely stated that I liked this move.

By: David Dralle

David Dralle — Mon, 17 Nov 2008 16:32:19 +0000

Wow, what heroes. Please note the sarcasm. All the CEO’s of these companies should be taking paycuts based on the simple fact that relative to the average employee American CEO’s make way too much money as it is. It’s not the time for celebrating corporate banking CEO’s, and it never will be.