Goldman Sachs Group Inc. Chief Executive Officer Lloyd C. Blankfein’s bonus surged 90 percent, surpassing JPMorgan Chase & Co. CEO Jamie Dimon’s pay for the first time since Blankfein’s record-setting award for 2007.
Goldman Sachs Group Inc. accelerated delivery of $65 million in stock awards to 10 executives, including Chief Executive Officer Lloyd C. Blankfein, helping them avoid higher tax rates that take effect this year.
Goldman Sachs Group Inc. brought back Mark Schwartz to run its Asian business from Beijing, after an 11-year hiatus during which he ran George Soros’s hedge-fund group and started an investment firm with Raj Rajaratnam.
Harrisburg’s incinerator debt, which pushed Pennsylvania’s capital into insolvency, generated $49.1 million in fees to raise $310 million, a sign that the sales were at least partly driven by the profit they generated, said Mark Schwartz, a bankruptcy lawyer for the City Council.
The City Council of Harrisburg, Pennsylvania, filed for bankruptcy Oct. 11, a move challenged by Mayor Linda Thompson and Governor Tom Corbett. A judge on Nov. 23 will weigh their claims that the bankruptcy violates local, state and federal laws. Mark Schwartz, an attorney for the City Council, spoke about the events happening in the state capital for today’s issue of the Bloomberg Brief: Municipal Market newsletter.