Execs Refuse Year-End Bonuses?

Top Goldman Execs Refuse Year-End Bonuses

That is the headline of the CBS News Story.

" Goldman Sachs Group Inc. CEO Lloyd Blankfein and six other top executives at the bank will not be receiving cash or stock bonuses for 2008, a spokesman said Sunday.

The decision was made by the seven executives themselves, said spokesman Lucas Van Praag, and approved Sunday by the Wall Street firm's compensation committee. The executives made the decision "because they think it's the right thing to do," Van Praag said." - CBS News

Excuse me a minute while I spit the doggy doo out of my mouth. Are you kidding me? The refused the bonuses because it's the right thing to do? These are the Executives? They are the ones who ran the business into the ground so we could bail it out? Why in the Hell is it even an option for any of them to get bonuses of any kind!!!!!????

WOW!!!! I am so glad that Congress made sure that there would be some oversight on this load of crappy crap crap.