Refreshingly serendipitous to my recent post about social responsibility is the Goldman Sachs earnings announcement today, in which Blankfein and his metaphorically obese band of sus financica agreed to back away from the compensation trough and give the leftover, a respectable $519 million, to their donor-advised charity, Goldman Sachs Gives.
Sure, it took the threat of being burned alive, dragged over barbed wire, and disemboweled in a prime-time public spectacle hosted by Simon Cowell to evoke such generosity, but this may be yet another indication of the advancement of civilization through corporate action. Time, in the form of 10-Qs and 10-Ks, will tell.
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