Josh sent this to me this summer. . . . older article but yet. . . GLORY! and motivating. . . .
"Mark McGoldrick earned about $70 million in pay last year -- nearly $200,000 a day -- placing bets using Goldman Sachs Group Inc.'s money. He was one of Goldman's highest-paid employees.
Turns out it wasn't enough.
Internally dubbed "Goldfinger" for running one of Goldman's most-profitable units, Mr. McGoldrick delivered a big chunk of the firm's 2006 profits, people familiar with the matter say. He co-founded and built the firm's secretive "special-situations group," Goldman's elite but opaque money-making machine that buys and sells eclectic assets including British power plants, Japanese golf courses and Thai auto loans.
Mr. McGoldrick and some of the partners in his unit griped that they weren't being rewarded as well as counterparts at hedge funds and private-equity firms. Though highly paid, his team was "under-compensated," Mr. McGoldrick complained to Goldman colleagues. He groused about being shut out of investments because of potential conflicts inside Goldman. Then he quit.
. . . . . Mr. McGoldrick was one of the highest-paid executives at the firm, with about $70 million. Mr. Blankfein, Goldman's CEO, received a pay package totaling more than $53 million.
Mr. McGoldrick believed they deserved more, considering their group's profits. When rivals such as Fortress and Blackstone went public this year, their founders reaped financial bonanzas. His team grumbled that their pay no longer was based on "market reality." Most compelling to Mr. McGoldrick: His close friend, Fortress executive Mr. Briger -- the man with whom he started the special-situations group -- became an overnight billionaire worth $2 billion."- WSJ
