Opening Bell: 12.04.09
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.