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-   -   How about that Goldman Sachs? (http://forums.pelicanparts.com/off-topic-discussions/383079-how-about-goldman-sachs.html)

Dottore 12-18-2007 01:46 PM

How about that Goldman Sachs?
 
Fourth quarter profits of $3.2 billion.

$20 billion payroll.

30,000 employees - taking home an average of $665,000.- per year.

Some very big year-end bonuses in the pipeline.

MRM 12-18-2007 04:17 PM

How do they pay $20 billion in payroll with $3.2 billion in profits? I thought the big investment houses were losing their shirts this year.

Hugh R 12-18-2007 04:19 PM

Profit is after expenses, which includes things like payroll. $20B payroll for the year, $3.2B for the quarter.

MRM 12-18-2007 04:25 PM

Ah...., I see. Of course. I was looking at profits and thinking revenue. That is a good year. That ought to put the Gold back into Goldman Sachs.

Hugh, I have an 84 ROW cab. I just bought a Euro pre-muf that I'm planning to have installed in the spring. I'm toying with the idea of adding a Steve Wong chip. It's stock now, with the US emissions conversion. What has been your experience with the chip? Can you give me an idea of what can I look forward to with a premuffler and a Steve Wong chip?

strupgolf 12-18-2007 04:36 PM

And to think, they didn't " produce" a single thing.

Hugh R 12-18-2007 06:03 PM

MRM, I think it definitely takes that 3K-4K lag out a lot. Its definitely an improvement, but don't expect it to perform like a 993 motor or something like that. Its very good.

I have a cat, cause I have to do the smog thing every two years. Steve burned me a chip specifically for an 84 ROW with a cat. He can burn a slightly different one for the same car with a pre-muf. Also, call Steve and tell him how you drive the car, hard, kinda hard, easy, etc. Availability of what fuel grade you have access to, we only get 91 here. The chip he burned me passes CA smog.

To sum it up, my brother drove the car about a year before I did the Wong chip and then after it was installed. I hadn't thought to mention it to him, and he asked if I'd tuned it up or something.


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