Goldman Sachs Sued By Union Fund For Overpaying Executives
The International Brotherhood of Electric Workers fund filed the lawsuit in Delaware Chancery Court, seeking to recover money for the company on behalf of other shareholders.
It seeks to stop Goldman from allocating roughly 47 percent of 2009 net revenue as compensation, saying such allocations “vastly overcompensate management and constitute corporate waste.”
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Tags: allocations, delaware chancery court, goldman sachs, international brotherhood, money, shareholders
Dan Solin: The Wall Street Way
about 3 hours ago - No comments
Here’s an insight about Wall Street you probably won’t get anywhere else: The creation of new investment products has nothing to do with investing. It’s done primarily to separate you from your money.Read More… More on Financial Crisis
Election Spending Sets Records: No Recession Here
about 20 hours ago - No comments
WASHINGTON — Turns out politics, for all its focus on the gloomy economy, is a recession-proof industry. This year’s volatile election is bursting with money, setting fundraising and spending records in a high-stakes struggle for control of Congress amid looser but still fuzzy campaign finance rules. Read More… More on Meg Whitman [...]
Reheating Burger King won’t be another LBO whopper
about 6 days ago - No comments
It’s easy to see why private equity firms might salivate at the prospect of another bite at Burger King. The fast-food chain has made a fortune for a trio of buyout barons who acquired the company in 2002 and flipped it onto public markets four years later. But Burger King won’t be another LBO whopper. [...]
Fuld may have a point mixed in with his Kool-Aid
about 6 days ago - No comments
Dick Fuld is still hung over from his home-brewed Kool-Aid. The former Lehman Brothers boss hasn’t stopped blaming his investment bank’s demise on “uncontrollable” market forces, false rumors and the lack of a government rescue. That neglects his own hubris and failure to buttress the firm. But he makes at least one fair point: U.S. [...]
Wall Street Insiders Unload $100 Million Of Their Own Stock
about 6 days ago - No comments
Officers and directors of Goldman Sachs, J.P. Morgan, Citigroup, and Wells Fargo have sold about $100 million worth of stock so far this year, amid relatively small buying activity, according to public stock filings with the U.S. Securities and Exchange Commission that have been analyzed by the research firm InsiderScore. Read More… More on Goldman [...]
Study: music, not apps, rules iTunes
about 1 week ago - No comments
iPod and iPhone users still more likely to spend money on music than on apps, a study shows. But for how much longer?
Raymond J. Learsy: Wall Street Guiding America Toward Third World Status. Now Instructing China As Well
about 1 week ago - No comments
Wall Street will not let up. In spite of the Financial Regulation Bill passed last month, the Wall Street casino continues at full tilt. Just last week the New York Times reported (“Despite Reform, Banks Have Room for Risky Deals”08.25.10) that the likes of JPMorgan Chase and Goldman Sachs are continuing to squander hundreds of [...]
Robert Reich: Why Cheaper Money Won’t Mean More Jobs
about 1 week ago - No comments
If Ben Bernanke and company make it even cheaper to borrow, they’ll be unleashing a third corporate strategy for creating more profits but fewer jobs — mergers and acquisitions.Read More… More on Ben Bernanke
Suzanne Skees: Africa’s Poorest Women Can Teach Us How to Manage Our Money
about 1 week ago - 2 comments
photo by Karl Grobl The mess we made with our wealth Read More… More on Ben Bernanke
Broadcasters defend push for mandatory FM tuners
about 1 week ago - No comments
National Association of Broadcasters wants all cell phones to have FM receivers, citing public safety concerns, but critics say it’s a mere money grab.
about 5 months ago
What do you not understand?
I respect gays, but that doesn't mean I'm going to party with them.
about 5 months ago
Go and live in Somalia. You'l be the richest man there.
That will make u feel real good.
about 5 months ago
80% bonds/Money market
20% Equities
about 5 months ago
Ask the union, but you will probably have to take a job with a company though, you might have to just pay dues out of pocket or something to keep you ticket.
about 5 months ago
It develops corporate laws in the U.S. and handles disputes between U.S. corporations.
about 5 months ago
It depends what kind of work you want to do – many will look for an economics-related degree. In general, a higher degree such as an MBA will stand you in good stead in the world of finance no matter what your first degree is in. It would also be a good idea to get some work experience in that field, too.
about 5 months ago
You ask them!