Opinion: Goldman Sachs Should Give $1-Billion to Quell Bonus Fury

Goldman Sachs would have to give “at least $1-billion” to charity if it expects philanthropy to mollify public anger over the billions in bonuses the firm is primed to give executives this year, the billionaire philanthropist Peter G. Peterson tells Bloomberg. Mr. Peterson co-founded the private-equity giant the Blackstone Group and created a foundation devoted to fiscal responsibility in public policy.

Goldman Sachs, the securities firm that received and paid back $10-billion in taxpayer funds as part of the government’s bail-out of financial houses and is now turning record profits, is reportedly exploring several avenues to avoid an expected public-relations disaster over compensation.