Goldman's grossly underpaid CEO

It is high time for the administration and congress require that stockholders determine bonuses for the top officers of Corporations. Of course they may not get some of the millions given to campaigns by the top companies and officers. Anything over $5 Million a year is rediculous. Noone is that essential to any corporation.They even make more than T.O. and company!

Why should ANYONE be paid $54 million, let alone $68 million? Maybe Blankfein would deserve that $54 million if he ended the spread of AIDS in Africa, but otherwise it is just another sign of our broken economic system. While Blankfein is up to his ears in cash 1 in 5 Americans go to bed hungry, the majority of them children. Infant mortality in the US is now higher than it is in Cuba. And someone in the United States commits suicide every 28 seconds. This is all part of the cost of poverty in America, a bill the American people are paying so that people like Blankfein can wallow in his cash. Oil isn't the only finite resource in this country, WEALTH is finite as well. And when anyone accumulates Blankfein's kind of cash it is one in the same with robbing a bank and stealing the savings of everyone who has an account there. The only difference is that Blankfein's bonus is just high-tech LEGALIZED theft.

compensation committees (members of whom are co-conspirators in setting totally unrealistic and obscene compensation packages for their execs in the hope... not unrealistic.... that such execs sitting on their compensation committees will reciprocate)need to get a comeupence from shareholders (unfortunately also unrealistic in that individual shareholders no longer have any real say in corporate governance or compensation). exec comp today becomes a fixation (ego trip) by those benefited which results in poor decision making (focused on the next quarter's results and the impact of same on options)for the company owners (shareholders). european corp. exs make a fraction of what their counterparts in the USA make. what has become of the director's fiduciary responsibility to shareholders? while we don't need more lawsuits, i think we need to unravel this conspiracy (and eliminate the kozlowskis, ebbers, lays, scruchis etc from the scene)!

Wheh will the stock owners wake up and see that it isn't the CEOs that raise productivity it is the everyday worker.That is who should get any reconition and some of the great profits these companys are passing out to people who sit on their asses and give orders.

Lloyd Blankfein is a brilliant man and tough manager. Goldman Sachs is lucky to have him steering the ship. To argue that his compensation is too high is ludicrous and goes against what made this country what it is today. He is in a business with high risks and high rewards---he is in a league unto his own.

I agree with John Napier - CEOs don't make this happen on their own. There are thousands of rank and file workers who toil day in and day out to keep things running and they aren't being rewarded nearly as handsomely. I work for a wholly owned subsidiary of Goldman Sachs - we have a different payroll structure and benefits. Know what our bonuses were? Over 1,000 employees SHARED $600,000 - that's less than the average set aside per Goldman employee. It's just not right.