Goldman Sachs Succeeds In Tax Evasion Where Al Gore Fails
From The Daily Bail January 4, 2013 - 2:42pm
Goldman awards Blankfein before tax deadline.
Al Gore was not the only one who tried to avoid the higher tax rates that took effect in 2013. Gore tried, but failed, to push through the $500 million sale of Current TV to Al Jazeera by Dec. 31 to avoid paying the higher tax rates that came with the fiscal cliff deal. Unlike Gore, however, Goldman Sachs succeeded in evading the tax hike by awarding $65 million to its top executives one month ahead of time.
The Wall Street Journal reports:
As 2012 wound down, Goldman Sachs awarded 10 of its top executives a combined 508,104 shares one month earlier than normal and ahead of higher tax rates that kick in this year.
At Monday's $127.56 closing price, the shares were valued at $64.8 million.
The grants are related to restricted shares awarded as part of prior years' compensation, according to a series of fili...