TonyM
12-12-2006, 05:03 PM
So, I was wondering where the public outcry is for an investment company that made $9.4 billion in profits this year? I mean, xom was villified for making a paltry 11% profit, while these wall street whiz kids managed 23%. Yeah, I know gs likely did not pull any money out of Joe Consumer's budget, but still, for every dollar gs made, somebody lost one and I wonder if the xom work force's average salary and bonus will = $622k ? Doubtful, otherwise we'd still be hearing the pissing and moaning about it.
No, I don't work for xom or any oil company, I just think it's ridiculous to be upset with them for making a whopping 10% profit margin, and the gs earnings reminded me of the public's and media's tormenting of them. Just a little perspective next time a big oil company posts a record quarter and everyone screams bloody murder.;)
No, I don't work for xom or any oil company, I just think it's ridiculous to be upset with them for making a whopping 10% profit margin, and the gs earnings reminded me of the public's and media's tormenting of them. Just a little perspective next time a big oil company posts a record quarter and everyone screams bloody murder.;)