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Goldman Sachs to take out garbage at Thanksgiving

NEW YORK – The Salvation Army plans to serve 10,000 free dinners across the city this Thanksgiving — meals planned by a star chef, cooked by one of New York's ritziest caterers and cleaned up by employees of one of Wall Street's most vilified financial firms.

The number of meals is 10 times as many as last year and come at a time when more and more Americans are struggling to put food on the table. (...)

Three hundred employees of Goldman Sachs Group Inc., Wall Street's richest firm, have volunteered for the holiday feast and will be tasked with taking out the garbage. (...)

The investment bank is enjoying skyrocketing profits, with angry critics pointing to huge employee bonuses expected at year's end as evidence of the kind of greed that triggered the recession. A year ago, the firm received billions in federal bailout money. So far this year, it has set aside $16.7 billion for compensation — or about $530,000 per employee — and has set aside $23 billion for bonuses.

posted by Quiddity at 11/20/2009 02:25:00 PM