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NEW YORK, Nov 22 — Get this: Goldman Sachs will be taking out the garbage at Thanksgiving.
The giant United States investment bank is better known for raking in the profits, but in the past few weeks, its chief executive Lloyd Blankfein has been trying hard to stem rising public anger.
Goldman, which received US$10 billion (RM34 billion) in bailout money, made a record US$3 billion profit in the third quarter of this year and set aside nearly US$40 billion in compensation and bonuses ? the biggest employee payout in the firm’s 140-year history. It also became one of the most vilified financial firms on Wall Street.
Last Friday came news that 300 Goldman employees have volunteered for garbage duty at a charity Thanksgiving dinner for thousands of hungry New Yorkers. The Salvation Army plans to serve 10,000 free dinners across the city this Thursday. The number of meals is 10 times the amount last year as more Americans struggle to put food on the table.
Goldman employees, meanwhile, are getting US$16.7 billion in compensation and another US$23 billion in bonuses.
NEW YORK, Nov 22 — Get this: Goldman Sachs will be taking out the garbage at Thanksgiving.
The giant United States investment bank is better known for raking in the profits, but in the past few weeks, its chief executive Lloyd Blankfein has been trying hard to stem rising public anger.
Goldman, which received US$10 billion (RM34 billion) in bailout money, made a record US$3 billion profit in the third quarter of this year and set aside nearly US$40 billion in compensation and bonuses ? the biggest employee payout in the firm’s 140-year history. It also became one of the most vilified financial firms on Wall Street.
Last Friday came news that 300 Goldman employees have volunteered for garbage duty at a charity Thanksgiving dinner for thousands of hungry New Yorkers. The Salvation Army plans to serve 10,000 free dinners across the city this Thursday. The number of meals is 10 times the amount last year as more Americans struggle to put food on the table.
Goldman employees, meanwhile, are getting US$16.7 billion in compensation and another US$23 billion in bonuses.
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