Goldman Sachs to pay bonuses in stock
AFP - Fri Dec 11, 1:56 am ETUS investment giant Goldman Sachs said it would pay bonuses to top executives in stock instead of cash this year under a policy adopted amid a growing furor over banker pay.
Goldman Sachs
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Bonus Tax Has London Scoring Goal Against Itself: Matthew Lynn
Bloomberg - Fri Dec 11, 3:02 am ETDec. 11 (Bloomberg) -- The bankers no doubt saw it coming. They’ve been lectured, harassed and demonized all through the past year over their role in plunging the world into the deepest recession of the last half-century.
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MarketWatch First Take: Goldman is cutting bonuses? Be suspicious
Market Watch - Thu Dec 10, 3:55 pm ETYou may have heard that Goldman Sachs Group Inc. is cutting pay. But that’s not what’s happening. It can’t be.
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As Shanghai rises Hong Kong asks: "What's next?"
Reuters via Yahoo! News - Thu Dec 10, 3:54 pm ETFrom building the world's biggest dam to engineering blue skies for the Olympics, China's leaders have earned a reputation for achieving improbable goals.
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Goldman: No exec cash bonuses
Pittsburgh Post-Gazette - Fri Dec 11, 12:26 am ETNEW YORK -- Goldman Sachs yesterday said its top 30 executives will forgo cash bonuses for 2009, instead receiving all of their year-end pay in the form of restricted stock that can't be cashed in for five years.
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Vranos’s Ellington Financial Shelves IPO to Buy Mortgage Debt
Bloomberg - Fri Dec 11, 2:31 am ETDec. 11 (Bloomberg) -- Ellington Financial LLC, run by Michael Vranos’s $2.5 billion hedge-fund firm, shelved its initial public offering as investors refused to finance its plan to buy bonds backed by the type of home loans that helped spur the biggest housing bust since the Great Depression.
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Dubai Fallout Makes Financing Tougher as Gulf States Compete
Bloomberg - Fri Dec 11, 2:29 am ETDec. 11 (Bloomberg) -- The race between Gulf states to build the biggest airport, tallest skyscraper or glitziest hotel is turning into a competition simply to convince banks to keep lending to the oil-rich region.
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Bonus Backlash May Boost Wall Street Pay
Forbes - Thu Dec 10, 3:22 pm ETA shift to stock grants and higher fixed salaries could more than make up for lighter cash handouts.
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Rio Names Iron Ore Negotiator, Boosting Accord Hopes (Update1)
Bloomberg - Fri Dec 11, 2:08 am ETDec. 11 (Bloomberg) -- Rio Tinto Group , the second-largest iron ore exporter, appointed a new chief negotiator with Asian steelmakers after price talks failed with China this year, boosting prospects for the latest negotiations.
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France Joins Britain in Move to Curb Big Bank Bonuses
International Herald Tribune - Thu Dec 10, 2:18 pm ETFrance agreed to join Britain in levying a supertax on bank bonuses in a combined assault intended to step up pressure on other nations — including the U.S. — to follow suit.
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Goldman Sachs Stock Bonus Plan to Defer Compensation Expense
Bloomberg - Fri Dec 11, 1:32 am ETDec. 11 (Bloomberg) -- Goldman Sachs Group Inc. ’s plan to pay top executives in restricted stock will let the firm defer compensation expenses, reducing what it must report this year after being pilloried for setting aside more than $16 billion for employees.
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Goldman Sachs To Empower Small Biz
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New York Stories
No Sachs of Cash for Goldman Sachs Execs This Year
1010 WINS New York - Thu Dec 10, 2:38 pm ETGoldman Sachs Execs Not Getting Cash Bonuses
WCBS 880 New York - Thu Dec 10, 2:26 pm ETGoldman Sachs executives won't get 2009 cash bonus
Staten Island Advance - Thu Dec 10, 1:49 pm ETGoldman's brass wont get cash bonuses
New York Post - Thu Dec 10, 2:55 pm ET
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Goldman Sachs Alters Its Bonus Policy to Quell Uproar
New York Times: Home Page - Thu Dec 10, 2:10 pm EST -
France and Germany back bonus tax
guardian.co.uk home | guardian.co.uk - Thu Dec 10, 4:02 pm EST -
Bonus Watch '09: Goldman Sachs
Dealbreaker - Thu Dec 10, 11:53 am EST
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