After Goldman Sachs accelerated payments of $65M in stock awards to 10 executives to avoid the higher taxes that would come beyond the fiscal cliff, many called into question just how willing CEO Lloyd Blankfein was to have the rich pay more in taxes -- something he has been outspokenly in support of. Warren Buffett saved money prior to the fiscal cliff in a similar fashion, and was similarly outspoken. Is this really a case of doublespeak? In this video, Motley Fool financials analysts Morgan Housel and Matt Koppenheffer discuss why these moves made sense, and how investors should view higher capital gains taxes.
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The article Was Goldman's Sneakiness Bad for Shareholders? originally appeared on Fool.com.
Fool contributor Matt Koppenheffer has no positions in the stocks mentioned above. Fool contributor Morgan Housel has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend Goldman Sachs Group. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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