Goldman Sachs CEO Urges Employees Not To Spend

Goldman Sachs has caught the public's eye in recent weeks thanks to record profits and damning exposes about the bank's historic role in the economy's boom and bust cycle. Oh, and the pedophilia. Like many rich and powerful institutions, Goldman doesn't appreciate the attention, coming as it does as tent cities and soaring unemployment are turning the nation into a Dickens novel by way of Mad Max. An employee tells the Post that CEO Lloyd Blankfein has been urging his employees to avoid any high-profile purchases: "This is a sensitive time for us, and [Blankfein] wants to make sure that we're not being seen living high on the hog." While it's probably wise to postpone buying that diamond-encrusted office bidet for now, isn't this kind of bad news for the city economy? What happened to trickle-down economics? How much longer does the service industry—the chauffeurs, the naked sushi models, the bidet installers—have to wait for conspicuous consumption to come back in style?

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By John Del Signore in News on August 4, 2009 10:44 AM

Comments [rss]

just saying

". . .wise to postpone buying that diamond-encrusted office bidet. . ."

I think gold-plated might sound better.

mrdeltoid

Don't buy anything!

http://www.youtube.com/watch?v=glSN4qvjt2E

fax

Lets all mark this as the beginning of the end for Goldman, you know, like the Tobacco companies. They're all gone now, right?

Outter Burrougher

aw, but when we sharpen them, they cut through quicker and lesson any possible pain :(

Mr. Know-It-All

Didn't we just have to listen to this bunch of arrogant a**holes defend their tax-payer subsidized bonuses by arguing that they supported the New York economy spending billions on chauffeurs, caterers, tailors, dealers in diamond-encrusted bidets, etc.? Start sharpening the guillotines!

felixthecat2

Disgusting how the bail money was used to pay for their bonuses. AIG bailout pay out Goldman's collateral. We should have let them failed.

valeriob

Now go home and get your fuckin' shinebox JDS.

hotstepper

that is hot.

hotstepper

Good Fellas much?

brooklynbs

Cue the intro to "Layla".

Brooklyn

I have to admit -- I almost plagiarized the Post commenter who quoted Jimmy Conway in Goodfellas -- couldn't be more appropriate.

"We got a million bulls out there. Everyone's watching us. Didn't you hear what I said? Don't buy anything. Don't get anything. What's the matter with you? You're going to get us all pinched!"