Take any city or county. Go to http://factfinder.census.gov/ and find the population of that city or county. Then, deduct 53,000 from that population number.
This is just one way to look at it.
While there is no doubt that this move is essential for the health and well-being of the company, it certainly gives us focus on the employment death toll that is probably just beginning. Seven Goldman Sachs senior executives, including the CEO, are not taking bonuses this year. Other financial institutions of this magnitude will probably follow suit. But, giving up the big executive bonus won't save many jobs... not 53,000 of them. Not 5,300 jobs. Not 530 jobs. Probably not even 53 jobs. But, the one thing that it will do for Goldman Sachs is to give the public a reason to respect them and, dare I say, admire them for this action. The benefits will be reaped in the future by Goldman Sachs.
To them I say - Good job!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment