Top 10 ways to spend a Goldman Sachs bonus
Goldman Sachs' bonus pool was announced Thursday, with an average payout of $500,000. After taxes, what could that buy?
(Page 2 of 2)
5. ... and one trip to visit
Skip to next paragraphVirgin Galactic charges $200,000 for a trip to space. With a lifetime of VIP treatment from Sir Richard Branson to boot, this might be the easiest sell on the list.
4. Various Bernie Madoff memorabilia
While you couldn't bring home all the auctioned belongings of the Lord of the Pyramid Scheme (which went for $900,000 in total), you could pick up more than a few famous Madoff items like his Mets jacket or his wife's diamond earrings.
3. Three "kill bank reform" TV ads
With Thursday's Supreme Court decision obliterating limits on what corporations can spend on advocacy campaigns, you might consider buying ads to beat back the Obama administration's attempt to dismantle big banks (like yours). Your bonus won't buy you Super Bowl time (estimated at $3 million per 30 seconds last year), but it could get you roughly three advertisements during CBS' 60 Minutes, four ads during ABC's America's Funniest Home Videos, or, sadly, only one during Desperate Housewives.
2. One (Your Name Here) Bowl
Competitor Citigroup does have the naming rights to the Rose Bowl. Capital One has a bowl, too. But you, Goldman employee, could probably get the St. Petersburg Bowl all by your lonesome. The group auctioning the rights to name the upstart bowl game for a year hopes to bring in between $350,000 and $500,000, which is a touch out of your range. Try striking a joint deal with this year's sponsor, Beef O'Bradys.
1. 1,931 shares of Goldman stock
Invest in the company that made you a half-millionaire. You could buy 1,900 – no, scratch that. After President Obama's announcement on banking limitations pushed down bank stocks, you could buy 2,000 shares of Goldman, letting your money do the talking about your faith in American capitalism.



Previous






Become part of the Monitor community
36K on Facebook | 12K on Twitter | 2,250 on YouTube