Hi there,

If you think Democracy Now!’s reporting is a critical line of defense against war, climate catastrophe and authoritarianism, please make your donation of $10 or more right now. Today, a generous donor will DOUBLE your donation, which means it’ll go 2x as far to support our independent journalism. Democracy Now! is funded by you, and that’s why we’re counting on your donation to keep us going strong. Please give today. Every dollar makes a difference—in fact, gets doubled! Thank you so much.
-Amy Goodman

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.

Donate

Investment Banks Dole out Record $30 Billion in Bonuses

HeadlineDec 27, 2007

Meanwhile, investment bankers are celebrating on Wall Street. Four of the country’s largest banks — Goldman Sachs, Morgan Stanley, Lehman Brothers and Bear Stearns — are expected to dole out an estimated $30 billion in bonuses this year. The CEO of Goldman Sachs, Lloyd Blankfein, is receiving a record $68 million bonus. Last month housing advocates called on the nation’s largest investment banks to donate their holiday bonuses to a foreclosure prevention fund that will help prevent a new wave of foreclosures. None of the banks agreed to help set up the fund.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top