Goldman Sachs charity initiative coming

For help with its bonus conundrum, Goldman Sachs (GS) may be taking a cue from Bear Stearns. Recall that the firm was quite serious about charitable donations. Ace Greenberg and Jimmy Cayne required employees to give 4 percent of their paychecks to charity. They even checked IRS returns for compliance.

According to the New York Times, Goldman Sachs is considering a similar move--with an ulterior motive, of course. They really want to make their massive bonuses--the compensation pool will likely top $20 billion, unless the top brass do something extraordinary--palatable and giving seems to be one of their best options. It's unclear if this would be run through Goldman Sachs Gives or through an all new program, the Times reports. It's also unclear who will be required to participate. 

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- here's the article

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