Goldman Sachs Group Inc. is planning to increase fixed pay for some senior staff and traders in Europe as regulators prepare to limit bonuses in the region, according to a person with knowledge of the plan.
Attorney Olivier Metzner says thousands of Societe Generale SA’s own computer records will clear his client, Jerome Kerviel, of responsibility for the bank’s record 4.9 billion-euro ($6 billion) trading loss, Bloomberg News’ Alan Katz and Heather Smith report.
Netflix Inc., the world’s largest subscription-streaming service, wants to attract more customers by adding its Web-based movies and television shows to U.S. cable systems, Chief Financial Officer David Wells said.
Bankers at Goldman Sachs Group Inc. had a tumultuous 2012. The firm cut 900 jobs, promoted the fewest executives to the exalted post of partner in more than a decade and slashed the portion of revenue set aside for compensation to 38 percent from 42 percent a year earlier.
Netflix Inc. named David Wells as chief financial officer to succeed Barry McCarthy, who has expressed a desire to pursue “broader executive opportunities” outside the company. The change is effective December 10. Wells joined Netflix in 2004.