He's been grilled by Congress and blasted by critics, but the chief executive of Goldman Sachs may soon have $100 million reasons to smile.
Lloyd Blankfein, who leads the world's richest investment bank, stands to collect an eye-popping $100 million bonus in defiance of President Obama, according to bankers meeting in Davos, Switzerland, for the World Economic Forum.
"This is Lloyd thumbing his nose at Obama," a banker at one of Goldman's rivals told The Times of London.
The prospect of a $100 million bonus would dwarf the $67.9 million Blankfein collected in 2007. It also would come after Obama called such payments "shameful."
Goldman Sachs refused to comment, but will have to report the pay of its top executives by the end of next month. |