Lloyd Blankfein, CEO of Goldman Sachs, once claimed he was performing “God’s work.” Yet, after Goldman tripled Mr. Blankfein’s base salary last year–even as profits fell–some of “His” more dedicated employees were inclined to disagree. In Jersey City on May 6, at the 2011 annual meeting of Goldman Sachs shareholders, investors will vote on a Read More
Every two years, purported vampire squid Goldman Sachs (GS) rifles through a list of its most vampiric and squidlike employees and decides which of them will be chosen to join its elite class of “partners,” the Goldmanites who make the most money and have an inside edge for the firm’s top jobs. Partnership Read More
Wary of the possible expiration of the Bush-era tax cuts, the heads of some Wall Street firms are trying to shovel some money into their employees’ pockets before Uncle Sam or other governments can take a bigger bite, The Wall Street Journal reports.
Credit Suisse, for example, told its London managing directors last week that Read More
Even as media budgets dried up in 2009, some executive pay packages soared.
CBS C.E.O. Leslie Moonves’ pay ($43 million) doubled between 2008 and 2009 and Viacom C.E.O. Phillip P. Dauman ($34 million) saw a 22 percent jump.