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Goldman Sachs Bonuses

Goldman Sachs Profit Hits $3B On Trading Gains

AP | STEPHEN BERNARD | Posted 05.25.2011 | Business

NEW YORK — Goldman Sachs Group Inc.'s third-quarter earnings more than tripled from the depths of the financial crisis as income from the compan...

Responding to Goldman Sachs

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

If Wall Street -- and especially Goldman Sachs -- had not manufactured value-destroying securities and related credit derivatives, the money supply for bad loans would have been choked off years earlier.

Ready, Fire! Aim?

Charles D. Ellis | Posted 05.25.2011 | Business
Charles D. Ellis

While creative global finance helped bring two billion people out of poverty in a single generation, the changes went too far and the consequences became hugely destructive.

Wall Street and Goldman Sachs Party On

Joseph A. Palermo | Posted 05.25.2011 | Business
Joseph A. Palermo

A criminal gang of rich white guys in New York did some extremely reckless things with the nation's collective wealth, and the middle class got clobbered.

Dodd: Wall Street Compensation Is Outrageous

AP | Posted 05.25.2011 | Politics

WASHINGTON — Financial companies that were shored up by taxpayer money are now paying their employees big bucks in compensation and benefits. T...

Bill George, Goldman Sachs Board Member, Compares Bankers To Pro Athletes, Movie Stars (VIDEO)

Posted 05.25.2011 | Business

Goldman Sachs board member and Harvard professor Bill George defended the firm's massive bonuses and compared employees' compensation to that of profe...

AIG and the Season of Greed

Eric C. Anderson | Posted 05.25.2011 | Business
Eric C. Anderson

I'm expressing my shareholder outrage at the behavior of AIG's top executives, who now want raises. President Obama's compensation czar needs to take a ruler to these executives' knuckles.

Banks and Vaccines

Christopher Brauchli | Posted 05.25.2011 | Business
Christopher Brauchli

Banks are receiving the H1N1 vaccine because of their employees' importance to the financial well being of the country.

Goldman Sachs Skirts Slashes in Compensation

Allison Kilkenny | Posted 05.25.2011 | Politics
Allison Kilkenny

The Times shows its agenda when it refers to the not-yet-existing AIG bonuses slashes as "the humbling downfall of the once-proud giants" while all those pesky citizens won't stop with the "populist animosity."

Goldman Sachs Bonuses: Columnist Says Analysts Predict $23 Billion Bonus Pool, Firm May Make Huge Donation

New York Times | ANDREW ROSS SORKIN | Posted 05.25.2011 | Business

By most analyst estimates, the annual bonus pool will swell to more than $23 billion. In its second quarter, Goldman disclosed it had put aside $11.4 ...

MBAs: Goldman Sachs Still A Top-Choice Destination For New MBAs | Oliver Staley | Posted 05.25.2011 | Business

The bank's reputation remains strong among aspiring MBAs. It was ranked the fourth-most-desirable place to work in a survey of 6,207 MBA candidates at...

What Do Professional Athletes Have in Common With Bankers?

Daniel Adler | Posted 05.25.2011 | Sports
Daniel Adler

Wall Street firms such as AIG, which received $90 billion in government funds, and sports teams such as the Dallas Cowboys, who received $325 million to build the Cowboys Stadium, have more in common than being run by white males.

Shahien Nasiripour

Goldman Sachs's Drop In The Bucket | Shahien Nasiripour | Posted 05.25.2011 | Business

On Tuesday, Goldman Sachs announced it would commit $500 million to help small businesses, garnering the financial giant headlines and buzz for its al...

Bust Up the Banks Before it's Too Late

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

The world's concentrated financial sector has been grabbing more than its fair share of wealth. We desperately needs Glass-Steagall on steroids.

Who Really Will Pay for Goldman Sachs' $23 Billion in New Bonuses

Rob Shapiro | Posted 05.25.2011 | Business
Rob Shapiro

We didn't need this latest and most conspicuous instance of greed at Goldman to know that the compensation provided to the uppermost echelons of American business is out of control.

Wall Street Bonuses Set to Increase | David Ellis | Posted 05.25.2011 | Business

Now with analysts predicting impressive third-quarter numbers from some of the nation's largest financial firms, big bonuses for top Wall Street talen...

Golman Sachs Bonuses: $16 Billion Pay Pool Leads To "Damage Control" | Mark DeCambre | Posted 05.25.2011 | Business

Goldman's bonus pool is expected to swell to an estimated $16 billion after what's expected to be another stellar quarter, and Blankfein is struggling...

Goldman Execs Blame Backlash On Anti-Semitism

The Daily Beast | Charlie Gasparino | Posted 05.25.2011 | Business

People inside Goldman tell me that some senior executives say they believe the onslaught of negative stories detailing Goldman's manifold ties to upp...

Smaller Bonuses At Goldman Sachs?: Analysts Predict Political Backlash Will Turn Tide

New York Times | Cyrus Sanati | Posted 05.25.2011 | Business

Despite the scrutiny it has drawn for setting aside nearly $11.4 billion in the first half of the year to pay its employees, Goldman Sachs is showing ...

What's Wrong With Bonuses?

Adam Taylor | Posted 05.25.2011 | Business
Adam Taylor

The bonus arms race began in the 80s, and has shown little sign of abating. In practice this has meant that bonuses have ceased to be performance related at all; instead, just a guaranteed sum.

Goldman President Admits Risky Strategy

Felix Salmon | Posted 05.25.2011 | Business

Goldman Sachs bankers are generally smooth, urbane, and on-message. But these days they're clearly flustered. Why else would Goldman president Gary Co...

Why, Yes, We Do Have to Regulate Some Executive Pay

Rob Shapiro | Posted 05.25.2011 | Business
Rob Shapiro

Ironically, the bailouts that saved us from a second Great Depression may also bolster some of the distortions that threaten to produce it. Old practices that got us into this mess still go on.

Goldman Compensation, Derivatives Trading Faces Scrutiny From Regulators

AP | STEPHEN BERNARD | Posted 05.25.2011 | Business

NEW YORK — Goldman Sachs Group Inc., one of the banking industry's top performers, said Wednesday that government agencies have asked about its ...

Goldman's $100M Trading Days Hit Record | Posted 05.25.2011 | Business

Aug. 5 (Bloomberg) -- Goldman Sachs Group Inc. made more than $100 million in trading revenue on a record 46 separate days during the second quarter, ...

The Bonus Debate Around the World

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

Why should the world pay to maintain a compensation system that is perceived to be outrageous and dangerous for the systemic stability of capital markets?