Goldman bonuses to be in shares amid effort to quell public anger (FT)
They’re mulling over the idea but if any haters like it, please speak up: “Senior executives including Mr Blankfein could be awarded all their annual bonus in company stock, people familiar with the bank’s thinking said. Many of its 31,700 staff may also receive more of their pay in shares.”
Rajaratnam Investigated A Decade Ago (WSJ)
Prosecutors, however, were unable to prove their suspicions, which centered on information stolen from chip maker Intel Corp., according to legal filings.
BofA Prices Securities as TARP Exit Starts (WSJ)
The board will meet Tuesday to discuss CEO candidates.
Citigroup Said to Need Treasury Stake Sale Before TARP Payment (Bloomberg)
“The ball is in the government’s court,” said Chris Kotowski, an analyst at Oppenheimer & Co. in New York, who has a “market perform” rating on the bank’s shares. “It’s not Citibank’s decision to sell them or not sell them.”
GM to Reassign Lutz, Others in Management Shakeup (WSJ)
“[Whitacre] really really strongly thinks we need to get younger people in key personnel positions,” a person briefed on the plans said. And then maybe someone will buy their cars?
SAC Capital Opens New Office (Reuters)
Two portfolio managers will be working out of Singapore.
Switzerland’s 300 Richest Lose $10 Billion in 2009 (AP)
Luckily they still have $449 billion to put toward Toblerone bars, according to a report published today.
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UBS must have done something wrong. It is a new day after all. sucking is like breathing.
@1 Patience, Grasshopper.
Bonuses paid in shares? I feel much better now! My anger IS quelled!
How long before the shares can be exercised? 6 months?
Switzerland’s 300 Richest Lose $10 Billion in 2009
http://www.youtube.com/watch?v=Fyp74H3kMdI
Bonuses in shares? How about making a concerted effort in hiring people in the tri- state region
BREAKING: Golden Slacks to pay bonuses in Trident Gum
@ 6 , i know, seriously. And stop giving visas to the rug beaters and tunnel runners.
If Goldman is doing “God’s work,” maybe Blankfein should be paid a salary commensurate with the $30,000 that priests take home every year.
http://acrimoney.com/2009/12/03/goldmans-bonuses/
Ahem…. “Senior executives including Mr Blankfein COULD be awarded all their annual bonus in company stock”. Once again….COULD.
They also COULD arrange for all 30K employees to fight to the death and the one employee left standing could receive a $19B bonus.
I’ve mis-placed my man purse.
Timothy G
@6 – I totally concur.
I know that LI would have this to say on that: http://www.youtube.com/watch?v=tS2aVLkRar0
I would like to know, where is MY share of Government Sachs profits that they made using my taxpayer money.
Signed:
Unemployed idiot sitting on his ass on the couch (mua-haha)
I managed to get a few paper Goldman stock certificates. When I hold them up to the light, the image of Jesus appears on the certificates.
@1, For instance, today’s Goldstein article notes “the UBS insider trading case has served as a road map of sorts for law enforcement in the Galleon investigation.”
Potentially something meaningful will develop from that small insight.
-2
@15 thanks. I’ll check it out. Can’t have UBS going a whole day without attention of the best kind.
-1
Hey 13, I absolutely agree! I am also looking for a job too!
@17 = TG
@ #10. We approve of your bonus selection test. That shit would rock youtube for ages!