Lloyd Blankfein of Goldman Sachs 'expecting $100 million bonus'

[TheWebHead]

Source: Times of London

Goldman Sachs, the world’s richest investment bank, could be about to pay its chief executive a bumper bonus of up to $100 million in defiance of moves by President Obama to take action against such payouts.

Bankers in Davos for the World Economic Forum (WEF) told The Times yesterday they understood that Lloyd Blankfein and other top Goldman bankers outside Britain were set to receive some of the bank’s biggest-ever payouts. “This is Lloyd thumbing his nose at Obama,” said a banker at one of Goldman’s rivals.

Goldman Sachs is becoming the focus of an increasingly acrimonious political and financial showdown over the payment of multimillion-pound bonuses.Last week the US President described bonuses paid out by some banks as “the height of irresponsibility” and “shameful”.

Read more: http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article7010492.ece

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FWIW, they paid $6.44 billion in corporate taxes in 2009... It'll be interesting to see how DC responds if this figure is true.