Eleanor Bloxham News
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Citigroup Inc. shareholders rejected its executive pay plan, a first among the six largest U.S. banks, amid criticism it lets Chief Executive Officer Vikram Pandit collect millions of dollars in rewards too easily.
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Goldman Sachs Group Inc., the fifth- biggest U.S. bank by assets, named James J. Schiro to succeed John H. Bryan as lead independent director, tapping an executive with accounting and insurance experience.
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Male chief financial officers at U.S. companies are paid an average of 16 percent more than their female counterparts of similar age at companies with comparable market values, according to a study.
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Lloyd Blankfein, Goldman Sachs Group Inc.’s chief executive officer, faces another test of his leadership this week when he addresses the firm’s annual shareholder meeting 10 days after a showdown with U.S. senators.
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It’s just after 8 a.m. on Nov. 11, and Peter Ackerman is staring at red numbers flashing on an electronic board. He sees 2,008,069.
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The deal came together behind the doors of a Louisiana psychiatric ward. John Skannal, 74, signed a document in October 2003 authorizing the sale of land handed down through eight generations of his family.
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Goldman Sachs Group Inc. Chairman and Chief Executive Officer Lloyd C. Blankfein ’s $19 million compensation for 2010, almost double the prior year, ended two years in which the firm’s top executives gave up cash bonuses.
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