“Once the bets are made they want a return on their investment.”
Well, they sure got it when Paulson was working “for” President Bush. It is also interesting to note the as of 0/3/07, the CEO of GS had a $37 million salary. On 4/30/08 as the market was tanking his salary was upped to $74 million. That spring 43% of the stockholders voted for a Proposal that stockholders have an advisory vote on executive compensation. At that time the top 3 GS people were all paid more than $65 million. And this does not include stock options and other perks. This may have made them a little nervous, because on 4/22/09 the CEO salary was only $26 million. Cant’t wait to see what this spring’s info is.
SOURCE: Google “Forbes CEO Compensation” for the above dates. Look at a lot of the CEO salaries, both the financials, insurance, and health related. Gives one a much better idea of what all the fusses are about.
Just so there is no confusion - John A. Paulson, the hedge fund manager, who is the central figure in the article, is not the same person as former CEO of GS Henry “Hank” Paulson that was working “for” President Bush.