Shoestrings

Goldman CEO: Don’t Show Off

Apparently it’s okay for Goldman Sachs to pay its employees huge sums of money, so long as they don’t spend it: “Goldman Sachs CEO Lloyd Blankfein has warned his employees to avoid making big-ticket, high-profile purchases as the gold-plated Wall Street firm hunkers down amid a firestorm of public and political anger over outsize bonus payments,” according to the New York Post. “A source within the bank said Blankfein first began calling for an end to the conspicuous consumption late last year, but has stepped up his campaign in recent weeks as the White House has sought to rein in compensation and as the firm has gotten dinged by a pair of high-profile magazine articles [in New York and Rolling Stone].”