Monday, January 11, 2010

NY Nonprofit Press Question of the Day: Charity and Banker’s Bonuses

Goldman Sachs is reportedly considering a requirement that its 1,000 highest paid employees donate 4% of their pay to charity each year. The New York Times reports that the bank is about to give out $16.7 billion in bonuses, “bringing average pay to about $595,000 for each employee”.

What do you think? Is this an act of corporate generosity? A PR strategy? Is it the best way for the nation’s wealthy to give back? Or, would increases in taxes on high income individuals be more equitable?

You can share your thoughts by emailing

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