William Cohan on Blankfein, Bank Compensation

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Feb. 6 (Bloomberg) -- William Cohan, author of "Money and Power: How Goldman Sachs Came to Rule the World" and a Bloomberg View columnist, talks about financial industry compensation reductions. Goldman Sachs Group Inc., the fifth-biggest U.S. bank by assets, gave Chairman and Chief Executive Officer Lloyd Blankfein a $7 million restricted-stock bonus for 2011, a decrease from $12.6 million a year earlier. Cohan speaks with Deirdre Bolton on Bloomberg Television's "In the Loop." (Cohan is a Bloomberg View columnist. The opinions expressed are his own. Source: Bloomberg)

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