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  4. Goldman CEO's $53.4M Bonus Breaks Record

Goldman CEO's $53.4M Bonus Breaks Record

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  • S Stan Shannon

    A realistic rate for some teenager looking to make a few extra bucks is what ever the employer says it is. A realistic rate for some 'family' that won't stop reproducing is effectively infinite and is nothing more than an overly complex welfare program.

    A virtual fence for the virtual borders of a virtual nation.

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    Paul Conrad
    wrote on last edited by
    #16

    Not sure where you live, but $8.25/hr is not going to make the grade in California :rolleyes:


    If you try to write that in English, I might be able to understand more than a fraction of it. - Guffa

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    • P peterchen

      Because he will by onehudred ferraris and two dozen pools which need regular cleaning and this creates jobs and infrastructure and all people will learn that they just need to want to work to make a decent living in a big US american house (not those small huts they have in Commieland) and the Eyerack will see that democracy is the only right choice and finally Europe will admit that they are commie loosers up and the world will live in a free market and it is like Christmas and Hanuuka and Generic Holidays on one day! Or maybe the money will be spent in a way that ensures the poor remain poor.


      Developers, Developers, Developers, Developers, Developers, Developers, Velopers, Develprs, Developers!
      We are a big screwed up dysfunctional psychotic happy family - some more screwed up, others more happy, but everybody's psychotic joint venture definition of CP
      Linkify!|Fold With Us!

      S Offline
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      Stan Shannon
      wrote on last edited by
      #17

      peterchen wrote:

      Or maybe the money will be spent in a way that ensures the poor remain poor.

      Only government has a vested interest in doing that.

      A virtual fence for the virtual borders of a virtual nation.

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      • P Paul Conrad

        Bassam Abdul-Baki wrote:

        Me want.

        Same here.


        If you try to write that in English, I might be able to understand more than a fraction of it. - Guffa

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        Paul Selormey
        wrote on last edited by
        #18

        PaulC1972 wrote:

        Same here.

        Not sure I can handle that. I have never handled $0.5M yet. Let me see my list of how I could possibly spend it

        1. At least two nice church buildings here in Japan.
        2. Two buildings for myself (add family, please!)
        3. Wife
        4. Cars, Cars, Cars, Cars....H3, Latest Benz, Latest BMW (for my wife)...too old for sport cars!
        5. Multimedia room with super-graphics/powerful notebooks/workstations running XP/Vista/MacOX
        6. A first-class seat to Holland - never used first-class!
        7. Now, how much did I spend so far?

        With love, Paul.

        Jesus Christ is LOVE! Please tell somebody.

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        • P Paul Selormey

          PaulC1972 wrote:

          Same here.

          Not sure I can handle that. I have never handled $0.5M yet. Let me see my list of how I could possibly spend it

          1. At least two nice church buildings here in Japan.
          2. Two buildings for myself (add family, please!)
          3. Wife
          4. Cars, Cars, Cars, Cars....H3, Latest Benz, Latest BMW (for my wife)...too old for sport cars!
          5. Multimedia room with super-graphics/powerful notebooks/workstations running XP/Vista/MacOX
          6. A first-class seat to Holland - never used first-class!
          7. Now, how much did I spend so far?

          With love, Paul.

          Jesus Christ is LOVE! Please tell somebody.

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          P Offline
          Paul Conrad
          wrote on last edited by
          #19

          Paul Selormey wrote:

          Not sure I can handle that.

          I'd just pay off the house, cars, student loans, and a few other bills. Sock the rest of the money away for my kids when they go to college. --- modified Oh, and toss a good chunk of change to Chris so Code Project can run smoothly for a long time :-D


          If you try to write that in English, I might be able to understand more than a fraction of it. - Guffa

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          • P Paul Conrad

            Not sure where you live, but $8.25/hr is not going to make the grade in California :rolleyes:


            If you try to write that in English, I might be able to understand more than a fraction of it. - Guffa

            S Offline
            S Offline
            Stan Shannon
            wrote on last edited by
            #20

            PaulC1972 wrote:

            but $8.25/hr is not going to make the grade in California

            For who? Most 'minimum wage' jobs are taken by teenagers living at home with their parents. They don't need a 'living wage'. It simply forces employers to pay more for labor than the labor itself is worth to them. Hence, they will increase the cost of whatever it is they produce, or they will hire fewer people.

            A virtual fence for the virtual borders of a virtual nation.

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            • P Paul Selormey

              PaulC1972 wrote:

              Same here.

              Not sure I can handle that. I have never handled $0.5M yet. Let me see my list of how I could possibly spend it

              1. At least two nice church buildings here in Japan.
              2. Two buildings for myself (add family, please!)
              3. Wife
              4. Cars, Cars, Cars, Cars....H3, Latest Benz, Latest BMW (for my wife)...too old for sport cars!
              5. Multimedia room with super-graphics/powerful notebooks/workstations running XP/Vista/MacOX
              6. A first-class seat to Holland - never used first-class!
              7. Now, how much did I spend so far?

              With love, Paul.

              Jesus Christ is LOVE! Please tell somebody.

              S Offline
              S Offline
              Stan Shannon
              wrote on last edited by
              #21

              Paul Selormey wrote:

              too old for sport cars

              Or not old enough!

              A virtual fence for the virtual borders of a virtual nation.

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              • S Stan Shannon

                PaulC1972 wrote:

                but $8.25/hr is not going to make the grade in California

                For who? Most 'minimum wage' jobs are taken by teenagers living at home with their parents. They don't need a 'living wage'. It simply forces employers to pay more for labor than the labor itself is worth to them. Hence, they will increase the cost of whatever it is they produce, or they will hire fewer people.

                A virtual fence for the virtual borders of a virtual nation.

                P Offline
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                Paul Conrad
                wrote on last edited by
                #22

                Stan Shannon wrote:

                Most 'minimum wage' jobs are taken by teenagers living at home with their parents.

                Not necessarily true. When I worked at Target about 13 years ago, when beginning college, the majority of people working there were 30-40-50 year olds holding down several minimum wage jobs just to make ends meet.


                If you try to write that in English, I might be able to understand more than a fraction of it. - Guffa

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                • P Paul Conrad

                  Paul Selormey wrote:

                  Not sure I can handle that.

                  I'd just pay off the house, cars, student loans, and a few other bills. Sock the rest of the money away for my kids when they go to college. --- modified Oh, and toss a good chunk of change to Chris so Code Project can run smoothly for a long time :-D


                  If you try to write that in English, I might be able to understand more than a fraction of it. - Guffa

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                  Paul Selormey
                  wrote on last edited by
                  #23

                  Ah! I see. I do not like loans. I currently use a second-hand honda civic car I bought with cash. I wish to drive the latest Nissan Skyline, though :(( Anyway, it is good you have great plans for your kids. God bless you. With love, Paul.

                  Jesus Christ is LOVE! Please tell somebody.

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                  • P Paul Selormey

                    Ah! I see. I do not like loans. I currently use a second-hand honda civic car I bought with cash. I wish to drive the latest Nissan Skyline, though :(( Anyway, it is good you have great plans for your kids. God bless you. With love, Paul.

                    Jesus Christ is LOVE! Please tell somebody.

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                    Paul Conrad
                    wrote on last edited by
                    #24

                    Paul Selormey wrote:

                    Anyway, it is good you have great plans for your kids. God bless you.

                    Thanks. I'd hate to see my kids run up a big student loan bill like myself.


                    If you try to write that in English, I might be able to understand more than a fraction of it. - Guffa

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                    • S Stan Shannon

                      Paul Selormey wrote:

                      too old for sport cars

                      Or not old enough!

                      A virtual fence for the virtual borders of a virtual nation.

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                      Paul Selormey
                      wrote on last edited by
                      #25

                      :laugh::laugh::laugh: OK, let me wait a little bit. May be something will change! With love, Paul.

                      Jesus Christ is LOVE! Please tell somebody.

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                      • S Stan Shannon

                        Paul Selormey wrote:

                        too old for sport cars

                        Or not old enough!

                        A virtual fence for the virtual borders of a virtual nation.

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                        Paul Conrad
                        wrote on last edited by
                        #26

                        Stan Shannon wrote:

                        Paul Selormey wrote: too old for sport cars Or not old enough!

                        One is never too old for a sport car.


                        If you try to write that in English, I might be able to understand more than a fraction of it. - Guffa

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                        • P Paul Selormey

                          Stan Shannon wrote:

                          Lets hope not. That money will ultimately help far more poor people left in the private sector than it would if given to the government.

                          How will less tax help "poor people left in the private sector"? With love, Paul.

                          Jesus Christ is LOVE! Please tell somebody.

                          L Offline
                          L Offline
                          Lost User
                          wrote on last edited by
                          #27

                          Paul Selormey wrote:

                          How will less tax help "poor people left in the private sector"?

                          Ummm... 1) the money (not the poor people) is left in the private sector ;P 2) Seriously, in one form or another money left in the private sector is always used to re-invest in business. More supplies, equipment and services are needed for the reinvestment and jobs are created. Poor people become self sufficient and their standard of living rises. 3) Money collected in taxes is watered down as it travels through government red-tape and corruption. Any money given to the poor is deemed charity and creates or sustains dependency.

                          "I think computer viruses should count as life. I think it says something about human nature that the only form of life we have created so far is purely destructive. We've created life in our own image." - Stephen Hawking

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                          • S Stan Shannon

                            Joergen Sigvardsson wrote:

                            That's assuming that he puts a substantial part of his money back into the local economy

                            No, thats assuming that he doesn't eat it or use it as fuel for his stove, or hide it under his mattress. The probability of him investing it in a productive, profitable way greatly exceeds that of some government agency doing the same thing with it. If that means investments in Mexico than thats what it means. His investimetns generate more wealth both for himself (which he reinvests) and for the people who find work as a consequence of those investments.

                            A virtual fence for the virtual borders of a virtual nation.

                            J Offline
                            J Offline
                            Jorgen Sigvardsson
                            wrote on last edited by
                            #28

                            Still, if he doesn't invest his money in the US, he'll be less effective than the government with regards to stimulating the local economy. I don't see how any new jobs are created (or maintained) by moving the money out of the local (or national) economy. At least not where the money is earned. If used wisely, then capitalism is a very good way of maintaining and boosting the economy. If used badly, it's as devastating as communism.

                            -- Not a substitute for human interaction

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                            • P Paul Conrad

                              Stan Shannon wrote:

                              Paul Selormey wrote: too old for sport cars Or not old enough!

                              One is never too old for a sport car.


                              If you try to write that in English, I might be able to understand more than a fraction of it. - Guffa

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                              P Offline
                              Paul Selormey
                              wrote on last edited by
                              #29

                              PaulC1972 wrote:

                              One is never too old for a sport car.

                              May be just too shy for sport cars. I do not know why, I just cannot see myself wanting one. :-D With love, Paul.

                              Jesus Christ is LOVE! Please tell somebody.

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                              • P Paul Conrad

                                Stan Shannon wrote:

                                Most 'minimum wage' jobs are taken by teenagers living at home with their parents.

                                Not necessarily true. When I worked at Target about 13 years ago, when beginning college, the majority of people working there were 30-40-50 year olds holding down several minimum wage jobs just to make ends meet.


                                If you try to write that in English, I might be able to understand more than a fraction of it. - Guffa

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                                Z Offline
                                Zac Howland
                                wrote on last edited by
                                #30

                                PaulC1972 wrote:

                                Not necessarily true. When I worked at Target about 13 years ago, when beginning college, the majority of people working there were 30-40-50 year olds holding down several minimum wage jobs just to make ends meet.

                                Not to sound cold, but it isn't the government's job to be the safety net for people who either can't, or refuse to pay their dues when they are younger (e.g. get an education or obtain basic skills to help them get and keep a steady job). I use to work at Food Lion as a CSM (first couple years of college). I had a few people that worked for me that were doing it as a career (most of the employees were either teenagers/college students or people with full time jobs doing it for extra cash). The ones using it as a career were those that dropped out of school, partied through their 20's, and wondered why they weren't making any money in their 30's. The minimum wage was never designed to give the entire population a baseline off of which they could live (and it will never accomplish that either -- basic economics will tell you that). It was designed to keep companies from exploiting workers by paying them pennies a day and charging a fortune for the products they produce. In many ways, it is both antiquated and unneccessary in today's society.

                                If you decide to become a software engineer, you are signing up to have a 1/2" piece of silicon tell you exactly how stupid you really are for 8 hours a day, 5 days a week Zac

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                                • L Lost User

                                  Paul Selormey wrote:

                                  How will less tax help "poor people left in the private sector"?

                                  Ummm... 1) the money (not the poor people) is left in the private sector ;P 2) Seriously, in one form or another money left in the private sector is always used to re-invest in business. More supplies, equipment and services are needed for the reinvestment and jobs are created. Poor people become self sufficient and their standard of living rises. 3) Money collected in taxes is watered down as it travels through government red-tape and corruption. Any money given to the poor is deemed charity and creates or sustains dependency.

                                  "I think computer viruses should count as life. I think it says something about human nature that the only form of life we have created so far is purely destructive. We've created life in our own image." - Stephen Hawking

                                  P Offline
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                                  Paul Selormey
                                  wrote on last edited by
                                  #31

                                  Clear thoughts, I like it. With love, Paul.

                                  Jesus Christ is LOVE! Please tell somebody.

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                                  • B Bassam Abdul Baki

                                    Some people are just too rich.[^] Me want.


                                    "Marge, don't discourage the boy! Weasling out of things is important to learn. It's what separates us from the animals! Except the weasel." - Homer Simpson Web - Blog - RSS - Math - LinkedIn - BM

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                                    Marc Clifton
                                    wrote on last edited by
                                    #32

                                    Obviously they are making way too much money managing our money. Marc

                                    Thyme In The Country

                                    People are just notoriously impossible. --DavidCrow
                                    There's NO excuse for not commenting your code. -- John Simmons / outlaw programmer
                                    People who say that they will refactor their code later to make it "good" don't understand refactoring, nor the art and craft of programming. -- Josh Smith

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                                    • M Marc Clifton

                                      Obviously they are making way too much money managing our money. Marc

                                      Thyme In The Country

                                      People are just notoriously impossible. --DavidCrow
                                      There's NO excuse for not commenting your code. -- John Simmons / outlaw programmer
                                      People who say that they will refactor their code later to make it "good" don't understand refactoring, nor the art and craft of programming. -- Josh Smith

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                                      Paul Selormey
                                      wrote on last edited by
                                      #33

                                      Marc Clifton wrote:

                                      Obviously they are making way too much money managing our money.

                                      Yours is negotiated at the interview ;P With love, Paul.

                                      Jesus Christ is LOVE! Please tell somebody.

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                                      • P Paul Selormey

                                        Stan Shannon wrote:

                                        Lets hope not. That money will ultimately help far more poor people left in the private sector than it would if given to the government.

                                        How will less tax help "poor people left in the private sector"? With love, Paul.

                                        Jesus Christ is LOVE! Please tell somebody.

                                        S Offline
                                        S Offline
                                        Shog9 0
                                        wrote on last edited by
                                        #34

                                        Think about it - i got something close to a $750 bonus this year. Naturally, that means Mr. Blankfein worked about seven hundred twelve thousand times harder than i did. And, i did nothing for poor people in the private sector, apart from cooking a few meals here and there. Assuming this country is chock full of people just as lazy as i am (or perhaps even lazier :omg: ), it should be a no-brainer that the very few industrious personages like Mr. Blankfien should be encouraged to continue being productive!  :)

                                        ---- I just want you to be happy; That's my only little wish...

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                                        • S Stan Shannon

                                          Because it provides for a more efficient economy. More productivity, more jobs, more opportunity. Now, if we could just get rid of minimum wage and social welfare programs poverty could be eliminated entirely.

                                          A virtual fence for the virtual borders of a virtual nation.

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                                          Christian Graus
                                          wrote on last edited by
                                          #35

                                          So, if some people are paid less than it costs to live, this will eliminate poverty ? You should run for president.

                                          Christian Graus - C++ MVP 'Why don't we jump on a fad that hasn't already been widely discredited ?' - Dilbert

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