← Previous Post: | Next Post:

 

“Blankfein and his wife, who is a Barnard alumnus, gave $50,000 dollars to the college in the fiscal year ending on January 31, 2010.”

Fifty thousand! FEEEEFFFTEEEEE TAOZAND!

Do you know how much money Lloyd Blankfein of Goldman Sachs earns every, I dunno, minute? His mere bonuses in the last few years have ranged between fifty and one hundred million dollars.

 

FIFTY THOUSAND DOLLARS?  Him AND the Missus?

Lawdy. Maybe he figures putting Barnard’s president on the Goldman Sachs board is like giving the school a lot of good stuff, but Debora Spar should probably talk to Ruth Simmons about that one. (Upside: It pays you insanely well for doing almost nothing. Downside. Simmons has announced her resignation from Brown. She will be busy with Goldman litigation no doubt.)

Blankfein recently blanked on a speech he was supposed to give at Barnard. Word is he cancelled because of School the Squid Week, planned to coincide with his appearance. (It’s a reference to the vampire squid metaphor in Matt Taibbi’s famous Goldman Sachs article.) Plus there’s the Occupy Wall Street thing down the block.

It’s all getting a lot of press attention — as will Spar herself when students discover the sorts of colleges their president presides over.

But anyway. Predatory capitalism is certainly interesting, and worth studying, and Barnard students – plus their president – have front-row seats.

Margaret Soltan, October 15, 2011 9:40AM
Posted in: the university

Trackback URL for this post:
https://www.margaretsoltan.com/wp-trackback.php?p=32981

3 Responses to ““Blankfein and his wife, who is a Barnard alumnus, gave $50,000 dollars to the college in the fiscal year ending on January 31, 2010.””

  1. AYY Says:

    Don’t understand what you’re trying to say. I can tell you’re being snarky but I can’t tell if you think he’s a cheapskate or profligate. If the Schoolmarm ever finds out about this post, she’ll have a field day.
    My reaction is why would anyone give money to Barnard? But then again how much he gave to Barnard is none of anyone else’s business.

  2. Margaret Soltan Says:

    No indeed – no one’s business. His compensation, his bonuses, what he does with his fortune, how he got his fortune – no one’s business but his own. Pesky flare-ups of global rage at the destructiveness of his greed, and the greed of those like him, may mean he has to lie low for awhile, but that’s a small price to pay.

  3. University Diaries » Cantor Can’t Cant. Says:

    […] the grand tradition of Goldman’s Lloyd Blankfein, another tough guy – the House Majority Leader, for chrissake – has cantered (might as […]

Comment on this Entry

Latest UD posts at IHE

Archives

Categories