Goldman Sachs trader sues over skimpy $8.25 million bonus

[n2doc]

A former Goldman Sachs (GS) trader, still furious at getting only an $8.25 million bonus in 2010, has taken the giant investment bank to court to get paid millions more.

Deeb Salem says he helped Goldman earn more than $7 billion and that a little more money in his pocket would only be fair considering all his contributions. He wants about $5 million in additional pay from Goldman.

In his petition filed last week in New York's State Supreme Court, Salem said things at Goldman started to unravel when he got a written warning about his 2007 job self-evaluation, Bloomberg reports. In that self-evaluation, Salem reportedly discussed a short squeeze involving derivatives linked to subprime home loans in 2007.

His own words were later used by U.S. Senators investigating whether Goldman bet against the mortgage market in 2006 and 2007 in such a way that helped it reap massive rewards as the housing sector tanked.

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http://www.cbsnews.com/news/trader-sues-over-skimpy-8-25-million-bonus/

[hobbit709]

1. I want to be on that jury.

Talk about a sense of entitlement.

[myrna minx]

2. Perhaps they can offshore the jury to the Cayman Islands.

[Zenlitened]

3. $8.25 million? I've never been so insulted in my entire life.

Sadly.

[maced666]

4. This investment Koch brothers George Soros hedge fund world is alien to me.

I don't begin to understand how these traders and hedge funds produce...anything. I just know they are all filthy rich.