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#71 Planet Money: The Goldman Sachs Interview

#71 Planet Money: The Goldman Sachs Interview

Planet Money vor 17 Jahren

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Goldman Sachs carries a certain mystique on Wall Street. The firm is known for hiring the brainiest people and paying them well. A number of its former executive have gone into politics, including former CEO Henry Paulson, who became President Bush's Treasury secretary, and former CEO Robert Rubin, an adviser to Presidents Clinton and Obama.

This week, Goldman finished paying back its $10 billion federal TARP loan — with taxpayers pocketing a return of 23 percent. The firm also just released a fantastic report on its earnings, totaling $23 billion for the first half of 2009. Goldman is setting aside almost half of that money for paying its 30,000 employees. In rough terms, that amounts to almost $400,000 for each worker.

Lucas Van Praag, a Goldman spokesperson, answers questions about other ways Goldman received government help and why it's rewarding the staff so richly after getting a hand from Uncle Sam.

Plus: The stunning results from our Economic Radio Story Showdown.