Lloyd Blankfein News
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Updated 1 hour, 34 minutes ago
Russia’s fourth-largest oil producer pumps more crude than the U.K., employs 100,000 people and trades on stock exchanges in Moscow, London and New York. What’s not disclosed is how much cash OAO Surgutneftegas holds and the identity of its biggest shareholders.
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A U.S. investigation of possible insider-trading by Goldman Sachs Group Inc. employees expanded to include a managing director whose name emerged at the trial of convicted hedge fund manager Raj Rajaratnam, a person with knowledge of the probe said.
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Andrew Schiff was sitting in a traffic jam in California this month after giving a speech at an investment conference about gold. He turned off the satellite radio, got out of the car and screamed a profanity.
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Wall Street’s cash bonus pool fell by 14 percent last year to $19.7 billion, the lowest since 2008, as the securities industry shed thousands of jobs, according to projections by New York state Comptroller Thomas DiNapoli.
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Spanish Economy Minister Luis De Guindos will meet Paulson & Co. hedge-fund founder John Paulson as he seeks investor support for government reforms, Expansion said, citing unidentified people familiar with the matter.
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Lloyd Blankfein, chief executive officer of Goldman Sachs Group Inc. since 2006, may step down as early as the U.S. summer, Fortune Magazine reported today, citing an unnamed executive at the firm.
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Bank of America Corp. cut Chief Executive Officer Brian T. Moynihan’s compensation for 2011, granting him no cash bonus and freezing his salary, said a person briefed on the executive’s awards.
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Lawyers for Rajat Gupta, the former Goldman Sachs Group Inc. director charged with insider trading, may have received government memos on two witnesses who testified against Galleon Group LLC co-founder Raj Rajaratnam last year, a prosecutor said.
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Goldman Sachs Group Inc. Vice Chairman Michael Sherwood was granted a bonus in shares worth almost $10 million, exceeding the $7 million awarded to Chairman and Chief Executive Officer Lloyd Blankfein, the Sunday Times in London reported.
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Goldman Sachs Group Inc., the fifth- biggest U.S. bank by assets, gave Chairman and Chief Executive Officer Lloyd Blankfein a $7 million restricted-stock bonus for 2011, a decrease from $12.6 million a year earlier.
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