The folks at Goldman, and Blankfein in particular, really do not get it. From Times Online:
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.
Bill Gates thought he could treat the government with impunity, and the only reason he escaped the likely outcome of having Microsoft brought to heel was an amazing gaffe by judge Thomas Penfield Jackson (speaking to a reporter while it was still in progress) that led to his removal. Jackson had formed a very dim view of Microsoft’s business practices (no doubt worsened by its conduct in court; the dissembling by Bill Gates was painfully obvious). He was prepared to mete out a harsh sentence, but was replaced by the comparatively clueless Kathleen Kollar-Kotelly.
Too bad no one (save maybe SIGTARP) has the inclination and the nerve to take this crowd on.