BANZAI7--Some of the largest shareholders in Goldman Sachs Group Inc. have urged the Wall Street firm to reduce the size of its bonus pool, arguing that it should pass along more of its blockbuster earnings to investors, according to people familiar with the situation.
The investors hold tens of millions of shares in Goldman Sachs, which is on track to make the biggest employee payout in the firm's 140-year history.
Their complaints in private conversations with the company and at analyst meetings show how anger over its big-money culture is spilling into the ranks of investors.
WB7: Someone needs to disabuse these naive investors. All too big to fail banks like Goldman Squid exist for the benefit of employees first and foremost, and thereafter the US government assuming it has to step in. The latter instance being inevitable in derivative trading La La land.