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Photograph of Great Performances catering captain Ken Bohlander, right, trying dishes that will be served on behalf of the Salvation Army on Thanksgiving Day by Kathy Willens/AP
After admitting it did some things that were "wrong" and donating a pittance to help small business, Goldman Sachs continues to attempt some public penance by announcing a several hundred employees will serve Thanksgiving dinners to the needy next week. The Post reports that at the Salvation Army dinners, "The so-called masters of the universe will wait on downtrodden diners as if they were in a Michelin-star restaurant, bus their tables, then take out the trash afterwards."
The head of the NYC region Salvation Army, Lt. Col. Guy Klemanski, said, "They'll make sure everyone is well taken care of during the meal. If they need more coffee or something cold to drink, that's taken care of, too." The Salvation Army will be serving 10,000 dinners—from catering company Great Performances—this season, which is 10 times as many meals served last year.
As for Goldman Sachs, its employees—some of whom will partake in the $16 billion in bonus money— were reminded not to have Christmas parties in their own homes.
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Wow, I'm glad our Trillion dollar bailout didn't go to waste.
Sadly, I think they're just serving not providing the funds for the meals.
This is something every person should be doing, it's called volunteering.
Holy fucking Moly, they not even paying for the meal. Didn't any of that trillion " trickle down for a meal for the needy?
"The so-called masters of the universe will wait on downtrodden diners..."
The Salvation Army will be serving 10,000 dinners—from catering company Great Performances.
From what this says, no, Goldman will not be paying for it, which in my opinion, negates the whole transaction.
i personally earned a small fries off the dollar menu from that trillion trickle-down, thankyouverymuch.
I know it's cool to shit on Goldman Sachs, but to be fair they did already repay their bailout money to the government.
Goldman benefits infinitely more from other government programs than it did from the capital injection to which you are referring.
What about last year or the year before that? This is a PR stunt. I bet there's an internal memo giving employees a day off or something having to make them serve food to people below them.
When I see senior management on the food line serving food then I'll think differently of them.
They paid back the loan only because of dirty dealings with the gov't, saving AIG prevented Goldman from losing $10+ billions which the money that went to save AIG pass through to Goldman in the end. They were able to apply for the bank status even though they shouldn't have and which gives them access to our money at relatively low interest to make the same risky bets they're still making.
When past and present Fed reserves come from Goldman, you think they wouldn't be given some sweetheart deals?
Goldman has too much control in our gov't, they wouldn't want to see their prior employer go under after all I'm sure they own a lot of their stock.
Nice PR stunt, I'm with felix on this one.
They don't look happy to be there.
check the date, it's not thanksgiving yet. this isn't a picture of them.
Totally a PR stunt, agreed.
Don't worry about the employees, they'll all be high on coke and K while they're serving, so it won't be too unenjoyable for them.
so, if you get a multi-million dollar annual bonus for trading in credit swaps that helped promote the first global economic crash , you can make it all better by working in a soup kitchen one day a year?
Was this the brainchild of Goldman-Sachs' senior manager "Mary Antoinette"? Will they be serving the homeless cake?
It's called a "credit default swap." As a nation we're doomed to continue repeating financial bubble after bubble because no one knows anything about basic finance or financial instruments. I'm amazed we still require high school shop class while people still don't know the correct name for a market larger than the world's GDP.
A credit default swap is hardly a basic financial instrument. Perhaps you should think about a career with the SEC if you think you're such a learned finance professional - they seem to need help.
Sorry, my point was it's a little frustrating to hear such impetuousness after the fact when most people couldn't bother to learn what an option ARM mortage really is when they signed on the dotted line. Greed wasn't confined to Wall Street over the las decade and maybe personal finance 101 should be required for all high school students. Btw, the mechanics of a CDS are much simpler than an option ARM.
not in regards to valuation.
Bubbles will always occur regardless of education. Speculation is an intrinsic part of our financial system.
"I'm amazed we still require high school shop class"
Where is a shop class required in high school? Certainly not in New York.
The country is filled with people who are ignorant of basic finance and economic principles. And they think people who do know about such things are "snooty". People want to revel in their ignorance, how dare you try to use facts or reason?
Well one purpose of the financial industry is to take advantage of ignorance or miscalculations. If the common man is ignorant, robbing him is perfectly align with those goals.
I hear the much more senior ones can just hire standins. What, money buys everything.
Btw, anyone feel the plot for 'changing places' coming up?
I am so glad this recession has brought back a cherished corporate holiday tradition... the "soup Kitchen Photo OP". THANKS FAT CATS