Goldman Sachs

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The Divine Right of Kings

A “C-level” or “C-suite” position is nice work, if you can get it. It’s understandable why so many people want to be in the club. The salaries are astronomically high and the perks are amazing. But isn’t it just ridiculous that CEOs still get paid egregious sums of money, even when their performance is abysmal and they fail?

     Recently, Bank of America disclosed that it had $4 billion less in regulatory capital than it thought...