From the Guardian:
Top bankers at Goldman Sachs are not going to take their bonuses this year while rivals at UBS may have to wait up to three years to receive theirs, as major banks respond to the growing backlash over pay.
The move by seven senior executives at Goldman to forgo their annual payouts could put pressure on other US financial firms to ensure their top staff do not receive bonuses this year.
What a bold move. Really principled. I mean, that you would think this must be real hardship for these guys. Er, until you get to the end of the article:
The seven executives from Goldman Sachs who are turning down their bonuses are Lloyd Blankfein, the chairman, who received $68.5m last year, Jon Winkelreid and Gary Cohn, co-presidents who received $67.5m each, David Vinar, the finance director, who received $57.5m, and Michael Sherwood, Michael Evans and John Weinberg, whose pay is not disclosed.
Yeah. Get out the crying towels ….