Citi Boosts Base Salaries Of Some Senior Employees (Reuters)
CFO John Gerspach’s annual base salary will increase to $500,000 effective November 1 from $400,000 prior to November, while James Forese is receiving $475,000, compared with $225,000. Gerspach is also receiving $2.92 million of stock salary for 2009, while Forese will get $5.4 million. And a sad trombone for Vikram, who will make $1 for the year, with no stock salary.
Blankfein Apologizes for Goldman Sachs Role in Crisis (Bloomberg)
In case you missed it, Blankfein and Co. are kinda sorry about some stuff they got peer-pressured into going along with. Also, fuck the haters: The firm is “very concerned” about the criticism because “our reputation is very important to us,” said Blankfein. “I don’t love it, we kind of sigh,” he said of the criticism. Instead of responding directly to critics, the company instead had tried provide “the kind of constructive suggestions that people would think a Goldman Sachs would be able to come up with.”
Fearing IRS, 14,700 Disclose Disclosed Offshore Accounts (NYT)
Great news for Tim Geithner: “We are talking about billions of dollars coming into the U.S. Treasury,” Douglas H. Shulman, the I.R.S. commissioner, said Tuesday.
GMAC’s Michael Carpenter To Executives: Stay! (WSJ)
Don’t ever leave him (’cause he’ll find you): ” Michael A. Carpenter, the new chief executive of GMAC Financial Services, launched a charm offensive to hold onto executives lured to the giant auto lender by ousted predecessor Alvaro de Molina. The 62-year-old Mr. Carpenter spent part of Tuesday in one-on-one conversations with Mr. de Molina’s former lieutenants, said a person familiar with his thinking. Mr. Carpenter is concerned about potential defections from the top ranks, remade by Mr. de Molina during his 19 months as chief executive.”
Trump Settles For 10% Of Casino Company (AP)
Trump Taj Mahal Casino Resort, Trump Plaza Hotel and Casino and Trump Marina Hotel Casino will retain the Don’s name though, which is what’s important.
At Hearing, Questions About BofA C.E.O. Candidate (NYT)
Rep. Elijah Cummings would appreciate it if the BAC board would let him know who he should be calling a chump, ASAP: Mr. Cummings pushed Bank of America director Charles Gifford on whether Brian Moynihan is a serious candidate for Bank of America’s top job. “Is this the guy we have got to face when we are dealing with Bank of America?” Mr. Cummings asked. “I am not asking you for your decision. I am just asking if he is one of your top candidates.”
“I don’t love it, we kind of sigh,”
a-hole
the company instead had tried provide “the kind of constructive suggestions that people would think a Goldman Sachs would be able to come up with.”
serious question, what does that mean.
He looks so regal in that pic.
self loathing banker
Bess, where’s the Paulson letter?
GMAC sucks…
did count vikula dye his hair purple for this pic?
@5 what letter
@8 playing dumb?
-not 5
If God is with us, who could be against us? Doo wop doo wop.
-LB
@9 no I’m seriously asking you.
-5
Citi raises sr. employee salaries and credit card interest rates. Guess who gets stuck? (Not me, I pay my cards off as soon as the charges are posted so these cretins can’t charge their usurious interest.)
The Financial industry is as bad as Congress and the current presidential administration. A bunch of liars, phonies and gougers.
Completely understandable that Nutty Palin has such a vociferous following. It’s all just too Wiemar Republic.
She’d look so hot in jack boots and brown shirt.
this letter, bloomberg received a copy, why not dealbreaker?
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aeQdno1OSTgA
@11/8
John Paulson’s quarterly letter, in which he gives a Q4 2011 target for BAC of $29.81.
-9
@12 – GO FUCK YOURSELF BACK TO THE DRUDGE REPORT.
Yes – I know I am yelling.
@5/14, just talking out my ass here but BBG got the letter late last night, maybe B. Lovin hasn’t checked her inbox yet?
-15′s ass
palin may have a following but that levi johnston’s got hedge fund manager and boytoy written all over him. straight to the top of the bunk.
@18 Levi is a top? tell us more.
@12
You are delusional. Take a pill.
Maybe LB will now reinstate Christmas.
Crush everyones credit and financial stability and get paid half a mil (or more) to have done it? HBS, here I come!
~Common Thief
@14 what kind of retarded question is that? why would db necessarily get something just b/c bberg did? and vice versa? does the times get everything the wsj does?
Goldman sorry they took your money, made more money and will now use it to economically colonize the world. You’re welcome!
‘ey Bessar, ‘ow big er yeh brists, luv?
and they are increasing their salary based on what results?
I just did an analysis of the top volume stocks and if you look at them from a revenue perspective it does not look pretty
http://keepamericaatwork.com/?cat=140
How exactly are these people protecting their shareholders when they are raping and pillaging their companies at the expense of their shareholders?
Virgil
http://www.KeepAmericaAtWork.com
You know who don’t apologize? John Thain, that’s who. John Thain don’t apologize to nobody. You know why? Cause John Thain ain’t sorry. That’s right. John Thain is unrepentant. If John Thain had it all to do over again he would. John Thain says you can all suck it.
From @12 to @20, I work one block from the White House, that’s a bitter enough pill!
He looks so eagle in that pic.
Re BAC and Moynihan testimony-that’s why we call him mmmmumbles!!!