Bonuses

Where Are The Shareholders?

Norman Goldman | Posted 11.20.2009 | Business


Norman Goldman

We need corporate reform by way of requiring all shareholders to approve all pay of all executives at all publicly traded corporations. Only then will this looting insanity end.

Goldman Sachs Execs Skirt Christmas Party Ban

Posted 11.20.2009 | Business


At Goldman Sachs, tis the season of giving. Not only is the firm lavishing huge bonuses on its employees, but its executives are finding ways around t...

Goldman Sachs Shareholders Ask Bank To Cut Down HUGE Bonuses

Posted 11.20.2009 | Business


Think of it as an atypical example of "shareholder activism." Several of the biggest shareholders of Goldman Sachs -- which, it should be noted, has m...

The Problem With a Jobs Bill -- And With Everything Else

Dave Johnson | Posted 11.20.2009 | Politics


Dave Johnson

As long as our economy is structured to pass everything up to a few at the top, stimuli can't work well, and jobs bills can't work well, either. Neither can anything else.

Goldman Sach's Charity Filings Reveal Foundation's Complex Trades

New York Times | GERALDINE FABRIKANT | Posted 11.12.2009 | Business


The 2008 tax filing for the Goldman Sachs Foundation, a copy of which was provided by the firm late Wednesday, provides a glimpse of the legendary tra...

WSJ: AIG CEO Robert Benmosche Ready To Quit Over Pay Constraints

Huffington Post/AP | Posted 11.12.2009 | Business


NEW YORK — After just three months as head of battered insurer American International Group, Robert Benmosche has threatened to leave his post a...

Wall Street's Record Bonuses Return: Analysts Predict $30 Billion In Bonuses At Big 3

Bloomberg | Michael J. Moore and Ian Katz | Posted 11.09.2009 | Business


Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.'s investment bank, survivors of the worst financial crisis since the Great Depressio...

Frank Rich: White House Doesn't Seem To Understand Public's Wall Street Rage

New York Times | FRANK RICH | Posted 11.07.2009 | Politics


The Obama administration does not seem to understand that this rage, left unaddressed, could consume it. It has pushed aside the entreaties of many --...

Goldman Sachs CEO Lloyd Blankfein: "I'm Doing God's Work."

Times Online | John Arlidge | Posted 11.07.2009 | Business


Goldman's reputation is suddenly as toxic as the credit default swaps and other inexplicably exotic financial instruments it used to buy with glee. Th...

Supreme Court To Hear Case About Excessive Pay; Parallels Seen In Executive Compensation

Washington Post | Robert Barnes and Steven Mufson | Posted 10.31.2009 | Business


The Supreme Court this week will hear a case that raises bedrock questions about the ability of the market to set "reasonable" corporate compensation,...

Bankers Expect Rising Bonus Pay To Break Records

Bloomberg | Robert Schmidt and Ian Katz | Posted 10.29.2009 | Business


In Washington and on Main Street, politicians and voters are railing against Wall Street's multi- million-dollar pay packages. In the financial world,...

Pay Czar Ken Feinberg Raised Base Pay At Bailed Out Firms

Wall Street Journal | DAVID ENRICH and DEBORAH SOLOMON | Posted 10.28.2009 | Business


Treasury Department pay czar Kenneth Feinberg last week announced sharp cuts in total compensation at the finance and auto companies under his control...

Bust Up the Banks Before it's Too Late

Diane Francis | Posted 10.27.2009 | 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.

2010: The Year Main Street Sticks It to Wall Street and Washington

Don McNay | Posted 10.27.2009 | Business


Don McNay

If anyone has ever dreamed of being an office holder, 2010 is the year to do it. There are going to be several situations where voters elect a complete unknown, just to express their anger about the incumbent.

"Too Big To Fail" Legislation Is On The Way

New York Times | STEPHEN LABATON | Posted 10.26.2009 | Politics


A senior administration official said on Sunday that after extensive consultations with Treasury Department officials, Representative Barney Frank, th...

My City Is Being Invaded by Banksters

Matthew Filipowicz | Posted 10.24.2009 | Business


Matthew Filipowicz

In mere days, my city, Chicago will be overrun by the worst of the worst. The lowest of the low. Criminals who have affected more lives than any mug...

AIG Executives Kept Bonuses They Promised To Return, Feinberg Says

Bloomberg.com | Hugh Son | Posted 10.23.2009 | Business


Four of five managers in AIG's Financial Products unit that are under the jurisdiction of pay master Kenneth Feinberg didn't make good on pledges to r...

Showdown in Chicago

Richard Trumka | Posted 10.22.2009 | Business


Richard Trumka

We're gathering outside the American Bankers Association meeting to demand reform that will allow us to rebuild our communities, our lives and the real economy. We've got a lot to rebuild.

Yahoo Profits are Symbol of Broken System

Ben Cohen | Posted 10.21.2009 | Business


Ben Cohen

It turns out, Yahoo's profits are based almost entirely on the $169 million cost cutting measures it took (2,400 workers were let go), while of course protecting corporate bonuses.

Imagine No Foreclosures... (It's Easy If You Try)

Fortune's Stanley Bing | Posted 10.20.2009 | Business


<i>Fortune</i>'s Stanley Bing

A spirit of enlightened responsibility and mutually assured destruction must be re-established on both sides of the equation -- lender and borrower alike.

Arianna Discusses Afghan War And Huge Wall Street Profits On CNN

Huff TV | Posted 10.20.2009 | Media


Huff TV

Arianna appeared on CNN's The Situation Room Monday, along with Gloria Borger, Joe Johns and Ben Stein. She discussed the Afghan War, huge Wall Street...

goldman-sachs, giant vampire squid

Gershon Hepner | Posted 10.27.2009 | Home


Gershon Hepner

Goldman Sachs, the giant vampire squid, wrapped around our faces with a funnel, sits upon a Ponzi pyramid, preventing light to shine within its tunnel...

Frank Rich: Goldman Can Spare You A Dime

New York Times | FRANK RICH | Posted 10.17.2009 | Business


As leader of the Wall Street pack, Goldman declared surging profits, keeping it on track to dispense a record $23 billion in bonuses for 2009. But mos...

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

New York Times | ANDREW ROSS SORKIN | Posted 10.13.2009 | 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 ...

AP Source: Bank of America To Give Up Documents From Merrill Lynch Deal

AP | VINNEE TONG and STEPHEN BERNARD | Posted 10.13.2009 | Business


SAN FRANCISCO — After months of resistance, Bank of America Corp. plans to turn over documents showing legal advice it received on its purchase ...