In yesterday’s “Dealbook” column in the New York Times, Andrew Ross Sorkin wrote that Goldman Sachs is headed for record bonuses and is thinking about making a $1B charitable contribution as a way to deflect criticism. That to me seems to fall far short of what they should do. First, a one-time charitable contribution is a case of “So fuehlt man Absicht und man ist verstimmt” (Goethe), which translates into “one senses the intention and is annoyed." Charitable contributions will only make a d...
