Goldman Sachs Group Inc. reached an agreement with an investor for the second straight year to drop a proposal from its annual meeting that called for an independent board chairman.
Amid a storm of criticism, government investigations and an SEC suit, the investment bank’s outside directors have failed to speak out.
Zurich Insurance Group AG Chief Executive Officer Martin Senn will probably reduce a profitability target after Switzerland’s biggest insurer said it may struggle to meet some goals set in 2010.
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon won more investor support this year than in 2012 to remain chairman, weathering a push to divide the roles after the largest U.S. bank suffered a record trading loss.
Zurich Financial Services AG , Switzerland’s largest insurer, plans to cut costs by $500 million over the next three years with more than two-thirds of the savings coming from its non-life business.
Goldman Sachs Group Inc., the fifth-biggest U.S. bank by assets, has started differentiating among Lloyd C. Blankfein’s top deputies again after four years of granting lockstep pay awards.