Goldman Sachs Gives $23 Billion In 2009 Bonuses

The New York TimesDealbook reports that Goldman Sachs will give its employees bonuses totaling $23 billion at the end of 2009, the largest sum ever, and double what Goldman workers received for 2008.

“Compensation continues to generate controversy and anger…And, in many respects, much of it is understandable and appropriate,” says Lloyd Blankfein, the chief executive of Goldman Sachs. (If people are viscerally upset, perhaps it’s because of the $10 billion which taxpayers loaned to Goldman a year ago, via the U.S. Treasury’s Troubled Assets Relief Program.)

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    head explodes

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