Goldman Sachs


The chief executives of LinkedIn, Ford Motor Company, Northwestern Mutual, Goldman Sachs and Intuit were among the top scorers this year in Glassdoor’s ranking of the leaders at 51 big companies. Yahoo and General Electric anchored the bottom of the list. Glassdoor is a jobs listing website that lets employees anonymously rate their bosses…Lloyd C. Blankfein, who heads Goldman Sachs, came in at No. 8, with a 93 percent approval rating from his underlings. [Dealbook]

Deeb Salem certainly has no shortage of regard for himself. What he does not have is an extra $21 million from his former employer. Read more »

The former Goldman Sachs Asset Management chief’s—and Jim Chanos neighbor’s and beach bum’s—work at Apollo Global Management is done. Read more »

Of course, that money could be redeployed to any politician willing to listen to reason. Surely, someone wants Ken Langone’s vote. And check. Read more »

Cyrus Vance is out to show that he doesn’t only ruin people’s lives on Goldman Sachs’ orders. He’ll do it for prominent hedge funds, too. Read more »

Another couple of bankers are making their way to a hedge fund. Bloomberg Businessweek has figured out why. Read more »

Goldman Sachs is pioneering a new type of financial innovation: European compensation structures. Goldman has gained approval from U.K. regulators for a complex pay structure, according to people familiar with the matter, putting it ahead of rivals still scrambling to deal with a new European Union bonus cap. U.K.-based staff are being told about the details of this year’s pay structure but the information isn’t public yet…Allowances won’t count toward pension contributions but, crucially, will count as fixed pay in bonus calculations—essentially giving banks a partial way around the bonus cap…Backers of the bonus cap say reducing overall pay levels wasn’t their goal. Instead it was to make sure pay structures didn’t encourage short-term risk-taking, said Arlene McCarthy, a British member of the European Parliament who helped draft the rules. “I don’t give a s— what they’re paid frankly,” she said. [WSJ]

It’s not that Goldman Sachs wouldn’t put Xi Jinping’s kid on the payroll. It’s just that the bank won’t be so painfully obvious about why. Read more »