Because that is what is going on in a supposed 'free market economy' where the Chinese government controls the wages and quality of life of their people.
Convenient, isn't it? The manufacturing companies in China will never have to worry about labor unions or wage increases or health insurance plans or ever being sued. Sounds like THE PERFECT BUSH DYNASTY WORLD. No management talent needed, just dictatorial authority.
...Blankfein realized the windfall Wednesday by exercising his right to buy 90,681 Goldman shares at $82.875, according to a Friday regulatory filing. He then sold the stock at prices ranging between $149.49 and $152.Goldman shares closed Friday at $148.08. That's a 79 percent increase from the stock's price in November 2000 when Blankfein received the options.
Goldman is considered the leading Wall Street bank, usually outdistancing its rivals with its trading and investment banking operations. The company beat second-quarter earnings forecasts although its net income fell 83 percent due to the $550 billion it paid to settle civil fraud charges brought by the SEC and a $600 million charge for a British employee bonus tax.
Goldman has been sharply criticized for its high compensation levels after it accepted a $10 billion government bailout during the financial crisis in 2008. It also received $13 billion from insurer American International Group Inc. after the government bailed that company out.
Two other top Goldman executives also profited from expiring options....
