Goldmans to tell staff: give to charity"Mandating a small portion". I wonder how small is "small". Still, I am sure these pretty wealthy folk already give generously to charity. And I am absolutely convinced that this is not some sort of pathetic PR exercise, given the image that investment bankers have, and most others really. No, I'm not talking about the cashiers and other High Street bank workers.The announcements will come as Goldman is considering mandating senior bankers to donate a small portion of their earnings to charity in an attempt to deflect the ensuing row expected over the size of its bonus payments.
Well, that's optimism for you.Goldman, which is expected to report a close-to-record pay and bonus pot just shy of $20bn alongside strong 2009 results, hopes the charity gesture will go some way to reducing the level of animosity felt towards the bank.
http://www.telegraph.co.uk/finance/n...o-charity.html
Just to add...from the articleCan anyone work out the percentage here - well, so small as to be trivial.The bank also revealed last week that it will contribute $1m to the Haiti disaster fund.
Last edited by bindeweede; 17th January 2010 at 12:22 AM.
Light travels faster than sound. This is why some people appear
bright, until you hear them speak.
Who is advising these guys?
If they were giving $1bn to Haiti (5% of profits), then they might begin to affect public opinion.
As for the charitable donations of individual bonus recipients (they didn't get rich by being generous), this will be offset against the govt. claw back.
The art of medicine consists in amusing the patient while nature cures the disease. Voltaire
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