Menu Close

Goldman’s Earnings Down On Security Costs

by Jorma

Dec. 1- (The Stool Pigeons Wire) Shares of Goldman Sachs fell this morning on the announcement that its earnings will fall significantly due to expenses related to providing security for its partners and facilities. A $20 billion dollar contract with Homeland Security will be administered by Xe, formerly Blackwater, who will provide security for the firm. CEO Lloyd Blankfein noted the expenses will not effect the expected $35 billion in bonuses to be paid out this year for doing God’s work.

Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RSS
Follow by Email
LinkedIn
Share

Discover more from The Wall Street Examiner

Subscribe now to keep reading and get access to the full archive.

Continue reading