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Dates: during 2000-2009
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...unemployment rate has risen too, nearing 10%. In stark contrast, Goldman Sachs has set aside some $11.36 billion so far in 2009 in total compensation and benefits for its 29,400 employees. That's about on pace with the record payout the firm made in 2007, at the height of the bubble. Thanks to Andrew Cuomo, the New York State attorney general, we know that in 2008, while Goldman earned $2.3 billion for the year, it paid out $4.82 billion in bonuses, giving 953 employees at least $1 million each and 78 executives $5 million or more (although Goldman...

Author: /time Magazine | Title: The Rage Over Goldman Sachs | 8/31/2009 | See Source »

...exceedingly wealthy. In 2007, the year of Goldman's record profit, the board paid him $68.5 million, a record payout for a Wall Street CEO. His 3.4 million shares of Goldman are worth about $540 million. He bought a tony $27 million Manhattan apartment at "Wall Street's new power address," as the New York Times called it, 15 Central Park West. He also owns a 6,500-sq.-ft. (600 sq m) home in Sagaponack, N.Y., near the ocean. (See pictures of expensive things that money...

Author: /time Magazine | Title: The Rage Over Goldman Sachs | 8/31/2009 | See Source »

...Kennedy’s voting record also shows general support for limiting executive power, smoking prevention, and alternative energy, though he was accused of NIMBY-ism in his opposition to Cape Wind, a proposal for an offshore wind farm near Cape Cod. In the last decade, Kennedy has pushed for accountability and greater humanitarian aid in Iraq...

Author: By The Crimson Staff | Title: Farewell to a Senator | 8/31/2009 | See Source »

...Hatoyama's party, nevertheless, appears ready to meet the big challenges his new administration will face. With an economy in crisis, record unemployment and faltering welfare systems, the DPJ is already looking for all the help it can get. The party is expected to meet on Monday with the leftist Social Democratic Party and the conservative People's New Party to discuss the possibility of forming a coalition. As Hatoyama said Sunday night, "We have been fighting, thinking we have to change politics, and now we are about to realize it." The Japanese people have set the ball rolling...

Author: /time Magazine | Title: Japan's Election: Opposition Wins Historic Victory | 8/30/2009 | See Source »

...cutting down on his iron intake. "I had way too much iron in my system," Couture says. Of course, it's natural to wonder if a 46-year-old man can last without performance-enhancers like steroids. UFC fighters, however, do get tested, and Couture's record is clean...

Author: /time Magazine | Title: Randy Couture: Ultimate Fighting's Ageless Wonder | 8/29/2009 | See Source »

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