NEW YORK — Goldman Sachs Group Inc. CEO Lloyd Blankfein is getting a $9 million stock bonus for 2009, a modest payday by Wall Street standards that appears aimed at quelling criticism of the bank's compensation practices....
"It was certainly less than expected," said Mark Borges, a principal with Compensia Inc., a Northern California compensation consulting firm. "While the fact that he's making this much won't sit well with people out of work, it seems Goldman is being sensitive to the political considerations and optics of this amount."
"It's almost as if he's taking a bullet for everyone else," Borges added.
link: Goldman Sachs Bonuses: CEO Lloyd Blankfein Gets $9 Million Stock Bonus For 2009
Putting aside the puzzling question of just what optics has to do with this guy's bonus, and noting that all the $9 million is in stock that can't be cashed for a cruelly long five years, still, dude, when this guy is hailed as a hero for only taking a $9 million bonus we are seriously screwed.
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