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According to the Collins English Dictionary 10th Edition fraud can be defined as: "deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage".[1] In the broadest sense, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation. Defrauding people or entities of money or valuables is a common purpose of fraud, but there have also been fraudulent "discoveries", e.g. in science, to gain prestige rather than immediate monetary gain
*As defined in Wikipedia

Saturday, April 13, 2013

Compensation at Goldman Sachs

It is difficult finding out the total compensation package for Lloyd Blankfein at Goldman Sachs.  The best estimate of his total compensation is $59.9 million, not including his pension which, of course, will be millions more.

You figure it out:

Here, here or here.

When you figure it out, please leave a comment.


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