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Goldman Sachs made a statement on executive pay on Sunday when it announced that its top seven officials would pass on their 2008 bonuses. Chief Executive Lloyd Blankfein, Presidents and Co-Chief Operating Officers Jon Winkelried and Gary Cohn, Chief Financial Officer David Viniar, and three vice chairmen supposedly asked the board’s compensation committee not to award them the bonuses, and the board agreed, Reuters reports. Goldman is one of the banks that has accepted federal money from the bailout, and must agree to standards set by the U.S. government.
Let's keep it real around here.
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