AXA, the French company that owns the world’s largest stake in oft-vilified Wall Street titan Goldman Sachs, has slashed its stake in the company by more than half.
During the second quarter, AXA dumped 16 million shares in Goldman, reducing its stake in the company to 2.1 percent from 5 percent, the Financial Times Read More
Dealbook reports today, via an internal GS memo, that employees who donated at least $25 to designated charities were permitted to wear jeans at the office for every Friday in August.
Though my esteemed colleague Max Abeleson reported that much of Goldman’s hands-on charity work this summer has been with children, Read More
In a move hailed by New York Public Advocate Bill de Blasio, Goldman Sachs has pledged not to spend any money on political advertising, The Times reported this morning.
Following weeks of discussion, Mr. de Blasio helped usher in the promise, which is meant to limit the behemoth’s influence following the Supreme Court’s Read More
New York’s cover story about the strained relationship between Obama and Wall Street doesn’t offer much in the way of new information, but author John Heilemann did pepper the article with some juicy Glengarry-Glen-Ross-meets-The West Wing-style quotes.
The best among them is a cringe-inducing moment in a section devoted to the lack of Read More
Goldman Sachs is bullish on retirement funds and has taken steps to capture a larger portion of the 401(k) market, Bloomberg reports. This may seem a little bold to some, as the company’s going through a bit of an image crisis with everyone except people who work there. But Goldman sees Read More
Max Abelson dropped by the Goldman Sachs shareholder meeting this morning, and told me today’s affair was much more lively and light-hearted than the long, painful grilling the company received in Washington last week.
Despite an S.E.C. investigation and a slide in its stock price, the company had some big earnings to talk about Read More
Public Advocate Bill de Blasio was in Lower Manhattan this morning–amid a gaggle of protesters–to attend Goldman Sachs’ shareholders meeting, where he wanted to push the company to support a shareholder resolution that would disclose all of the company’s political spending.
“This year the Supreme Court gave corporations the ability to spend without limit or Read More
Lloyd Blankfein spoke on a conference call this afternoon, which was ostensibly for clients–although the number was rather conveniently leaked to the media.
So, the Journal‘s Deal Journal listened in and live-blogged it.
According to their running report, Mr. Blankfein reiterated what he said on Charlie Rose last week–that he should have been Read More
For all of Lloyd Blankfein’s enemies–Rolling Stone writers, editorial boards, senators, shareholders, and commission heads–the Goldman Sachs C.E.O. still has his partners.
Four days after the S.E.C. filed a devastating suit against the firm, Goldman’s partners gave Mr. Blankfein a standing ovation, according to Brad Hintz, an analyst who Read More
Expect to see a lot of Lloyd Blankfein on your television in the coming months.
After last week’s interminable Senate hearing, the Goldman Sachs C.E.O. stayed late to face the music from the financial news outlets and even the network morning shows. Apparently, that was only the beginning.
On Friday, the man of Read More