Lloyd Blankfein
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Goldman Sachs lost its battle to ignore an investor proposal to strip Chief Executive Lloyd Blankfein of his chairman role, according to SEC's website.
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NEW YORK, April 4- Goldman Sachs Group Inc said on Thursday that Stephen Friedman, who once headed the bank when it was a private partnership, will retire from its board of directors because he has reached the company's age limit.
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March 26- Warren Buffett has given up his chance to become Goldman Sachs Group Inc's largest shareholder no additional cost to his Berkshire Hathaway Inc. Buffett received the warrants as part of a 2008 deal during the depths of the financial crisis, when his investment in Goldman was seen as a vote of confidence in the firm.
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Under that deal, Berkshire had the right to buy about 43.5 million Goldman shares- or a roughly 9 percent stake- at an exercise price of $115 per share, for $5 billion in total.
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March 26- Warren Buffett will become one of Goldman Sachs' ten largest shareholders essentially for free, after he and the bank amended a 2008 deal to exchange his potential profit on Goldman warrants for stock. Under a 2008 deal, Buffett had held the right to acquire about 43.5 million shares of stock at an exercise price of $115.
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March 26- Warren Buffett will become one of Goldman Sachs' ten largest shareholders essentially for free, after he and the bank amended a 2008 deal to exchange his potential profit on Goldman warrants for stock.
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March 26- Goldman Sachs Group Inc will give Berkshire Hathaway Inc millions of shares in the bank in place of warrants that date to the financial crisis, a deal that saves Berkshire money upfront and reduces dilution risk for Goldman.
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SAN FRANCISCO, March 25- On a frosty December night last year, about two dozen guests slipped into the Alta Club, a century-old private retreat a block away from the temple of the Church of Jesus Christ of Latter-day Saints that dominates Salt Lake City.
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*Pay for Brady Dougan up one third to 7.77 mln Sfr. *Robert Shafir is top earner with 10.59 mln Sfr vs 8.5 mln. ZURICH, March 22- Credit Suisse upped the remuneration of Chief Executive Brady Dougan by one third in 2012, likely adding to public and political dismay over the scale of banker pay in a year when the Swiss bank's stock stalled.
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*Pay for CEO Dougan 7.77 mln Sfr vs 5.82 mln in 2011. ZURICH, March 22- Pay for Credit Suisse Chief Executive Brady Dougan jumped by more than one third to 7.77 million Swiss francs in 2012, when the bank's stock stalled amid a cutback in risk taking by its investment bank.
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*CEO Brady Dougan earned 5.8 mln Sfr in 2011. ZURICH, March 21- Credit Suisse places banker bonuses back under the spotlight on Friday with details of the pay of Chief Executive Brady Dougan in 2012 when the bank's stock rose little more than 1 percent amid a cutback in risk taking by its investment bank.
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*Fed rejects capital plans by BB&T and Ally. *Shares of JPMorgan, Goldman and BB&T fall after hours. The Fed said JPMorgan and Goldman would have to submit new plans by the end of the third quarter.
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*Nonetheless lets JPMorgan, Goldman proceed with plans. *Shares of JPMorgan, Goldman and BB&T fall after hours. March 14- In a blow to two major Wall Street banks, the Federal Reserve told Goldman Sachs and JPMorgan Chase that they must fix flaws in how they determine capital payouts to shareholders, but still approved their plans for share buybacks and dividends.
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*Nonetheless lets JPMorgan, Goldman proceed with plans. *Fed rejects capital plans by BB&T and Ally. *Shares of JPMorgan, Goldman and BB&T fall after hours.
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*Nonetheless lets JPMorgan, Goldman proceed with plans. *Shares of JPMorgan, Goldman and BB&T fall after hours. The Fed said JPMorgan and Goldman would have to submit new plans by the end of the third quarter.
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By Emily Stephenson and Rick Rothacker March 14- The Federal Reserve told Goldman Sachs. and JPMorgan Chase that they must fix flaws in how they determine capital payouts to shareholders, but still approved their plans for share buybacks and dividends. The Fed vetoed submissions by BB&T Corp and Ally Financial.
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March 14- The Federal Reserve told Goldman Sachs and JPMorgan Chase that they must fix flaws in how they determine capital payouts to shareholders, but still approved their plans for share buybacks and dividends. The Fed vetoed submissions by BB&T Corp and Ally Financial.
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By Emily Stephenson and Rick Rothacker March 14- The Federal Reserve told Goldman Sachs. and JPMorgan Chase that they must fix flaws in how they determine capital payouts to shareholders, but still approved their plans for share buybacks and dividends. The Fed vetoed submissions by BB&T Corp and Ally Financial.
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March 14- Wells Fargo& Co Chief Executive John Stumpf's pay increased 8 percent in 2012, making him one of the industry's best-paid leaders, according to a filing with the U.S. Securities and Exchange Commission on Thursday.
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Goldman Sachs lost its battle to ignore an investor proposal to strip Chief Executive Lloyd Blankfein of his chairman role, according to SEC's website.
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NEW YORK, March 8- Goldman Sachs Group Inc lost its battle to ignore an investor proposal to strip Chief Executive Lloyd Blankfein of his chairman role, according to correspondence posted on the U.S. Securities and Exchange Commission's website on Friday.