Goldman CEO to Take $100 Million Bonus

Worth Clicking: Blasts from the past wound Romney

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January 31, 2010

Goldman CEO to Take $100 Million Bonus

Goldman Sachs "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," the Times of London reports.

The world's richest bank "is becoming the focus of an increasingly acrimonious political and financial showdown" over the payment of bonuses.

Last week, Obama described bonuses paid out by some banks as "the height of irresponsibility" and "shameful."

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Taegan D. Goddard is the founder of Political Wire, one of the earliest and most influential political web sites.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country, including the Washington Post, USA Today, Boston Globe, San Francisco Chronicle, Chicago Tribune, Philadelphia Inquirer and Christian Science Monitor.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

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January 31, 2010