Goldman Sachs CEO Pay Rises To $16.2 Million In 2011

More rich people getting richer during the economy that's crushing the majority of us: Via: Goldman Sachs Group Inc Chief Executive Lloyd Blankfein's compensation increased 14.5 percent to $16.2 million in 2011 despite a sharp decline in

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More rich people getting richer during the economy that's crushing the majority of us:

Via:

Goldman Sachs Group Inc Chief Executive Lloyd Blankfein's compensation increased 14.5 percent to $16.2 million in 2011 despite a sharp decline in profits and share price during the year, leaving the bank open to more attacks on its pay policies.

Others at Goldman Sachs weren't so lucky. Since 2011, the financial giant has terminated at least 3,500 employees as well as reduced pay of others to cut expenses.

Yet again, it's time to ask Republican lawmakers "Where are the millionaire job creators?" We go through this exercise in redundancy knowing full well that "Millionaire job creators are like unicorns, they are impossible to find and don't exist." Hopefully each time any of us asks about the GOP's imaginary job creators, a few more voters will realize that Republicans don't have a clue about how to create jobs, and without jobs the economy certainly won't improve for the majority of Americans.

About Diane Sweet

Diane Sweet's picture
Senior Editor, Lives in a gerrymandered district in Michigan.

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