News on Lloyd Blankfein

Goldman execs get big 2009 fund payouts

2010-03-19T17:15:26Z

<div><p>NEW YORK (Reuters) - Goldman Sachs Group Inc <GS.N> CEO Lloyd Blankfein and other top executives, pressured by public outrage to slash their bonuses, still received tens of millions of dollars in distributions from an internal investment fund in 2009.</p&...

Goldman board rejects shareholder demands on pay

2010-03-01T06:00:25Z

<div><p>NEW YORK (Reuters) - Goldman Sachs Group Inc's <GS.N> board has rejected demands from shareholders that the firm investigate recent compensation awards, recoup excessive compensation and reform pay practices.</p><p>Wall Street's dominant bank, criticized...

Obama on CEO bonuses: He doesn't 'begrudge' wealth

2010-02-22T10:18:20Z

<div id="subtitle">Obama on CEO bonuses: He doesn't 'begrudge' wealth; compares to athletes' pay</div><div><p>Less than a month after calling bank executives' pay "obscene," President Barack Obama is declining to criticize bonuses received by two top Wall Street chief executives, saying he doesn't "begrudge people success or wealth....

Goldman CEO bonus only $9 million in nod to public ire

2010-02-22T11:09:55Z

<div><p>NEW YORK (Reuters) - In a sign it is concerned about Main Street anger over bankers' compensation, Goldman Sachs Group Inc &lt;GS.N&gt; decided to give its CEO Lloyd Blankfein and other top executives lower bonuses than many had expected.&a...

Goldman CEO Blankfein gets $9M stock bonus for 09

2010-02-22T11:09:52Z

<div id="subtitle">Goldman Sachs CEO Lloyd Blankfein receives $9 million stock bonus for 2009</div><div><p>Goldman Sachs Group Inc. CEO Lloyd Blankfein is getting a $9 million stock bonus for 2009, a modest payday by Wall Street standards that appe...

Business Highlights

2010-02-22T11:09:26Z

<div><p>The outlook for jobs became a bit less bleak Friday when the government released January's unemployment rate showing an unexpected decline from 10 percent to 9.7 percent. It was the first drop in seven months.</p><p>Still, the government now estimates 8.4 million jobs vanished in the Great Recession. And economists say the nation will be lucky to get back 1.5 million of them this year. They also warn it will take until the middle of...

Goldman Sachs could slash CEO bonus amid pressure

2010-02-22T12:55:41Z

<div><p>NEW YORK (Reuters) - Goldman Sachs Group Inc &lt;GS.N&gt; is likely to slash its chief executive's bonus from the record $67.9 million he got two years ago, but Lloyd Blankfein's pay package could still fuel criticism the bank has been "ton...

As profits soar, Goldman Sachs aims to ease pay concerns

2010-02-22T16:57:41Z

<div><p>Goldman Sachs posted massive fourth-quarter and full-year 2009 profits Thursday that shattered forecasts as the US banking giant moved to deflect criticism about a jump in its compensation levels.</p><p>"I think the people of Goldman Sachs did a great job this year," said finance chief Reuters) - U.S. regulators admitted to failing to head off the 2008 financial crisis as they appeared before a panel whose chairman said he plans to seek testimony from former Federal Reserve Chairman Alan Greenspan.</p><p>As Goldman Sachs Group, Inc. Chairman and Chief Executive Officer Lloyd Blankfein; JPMorgan Chase & Company Chairman and Chief Executive Officer James Dimon; United States, began its first hearings on the cri...

Meltdown Investigation

2010-01-13T12:31:47Z

From left, Goldman Sachs Group, Inc. Chairman and Chief Executive Officer Lloyd Blankfein; JPMorgan Chase & Company Chairman and Chief Executive Officer James Dimon; Morgan Stanley ...

APTOPIX Meltdown Investigation

2010-01-13T12:31:41Z

Goldman Sachs Group, Inc. Chairman and Chief Executive Officer Lloyd Blankfein, left, gestures on Capitol Hill in Washington, Wednesday, Jan. 13, 2010, while testifying before the Lloyd Blankfein, CEO of Goldman Sachs Group, Inc.; James Dimon, CEO of JPMorgan Chase & Company; John Mack, chairman of the Board of United States, began its first hearings on Wednesday.</...

Bank Fees

2010-01-12T00:31:03Z

FILE - In this Feb. 11, 2009 file photo, from left, Goldman Sachs & Co. Chief Executive Officer and Chairman Lloyd C. Blankfein; JPMorgan Chase & Co. Chief Executive Officer James Dimon; 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.</p><p>The firm's 30-member management committee will receive bonuses in the form of shares that cannot be sold for five years and which can be recovered under a "clawback" provision,...

Goldman Sachs to give all 2009 bonuses in stock

2010-02-23T17:58:20Z

<div><p>US investment giant Goldman Sachs said all 2009 bonuses for top executives would be in the form of restricted stock instead of cash under a new policy aimed at discouraging excessive risk-taking.</p><p>The firm's 30-member management committee will receive bonuses in the form of shares that cannot be sold for five years, Goldman Sachs said in a statement...

Goldman likely to pay annual bonus in stock: report

2010-02-23T21:03:41Z

<div><p>(Reuters) - Goldman Sachs &lt;GS.N&gt; Chief Lloyd Blankfein is weighing plans to increase the share of compensation paid out in equity to executives in a bid to quell public anger over the probability of large pay-outs, the