goldman-sachs

Goldman Execs May Have to Wait Until Next Week to Go Yacht Shopping

cityfile · 01/20/10 08:54AM

Goldman Sachs, the investment bank that you helped rescue back in the fall of 2008, is getting ready to hand out billions in bonuses. But it's a little concerned that you might be annoyed when you hear how much money the firm is shelling out:

Bailing on Blizzard Duty

cityfile · 01/15/10 04:13PM

It seems God's work comes with special privileges: "Unlike almost every other property owner in the city, Goldman Sachs will not be responsible for clearing the snow off some of the sidewalks around its new headquarters in Battery Park City." [Downtown Express]

Goldman Looks for Redemption (Again)

cityfile · 01/11/10 09:01AM

"As it prepares to pay out big bonuses to employees, Goldman Sachs is considering expanding a program that would require executives and top managers to give a certain percentage of their earnings to charity," the Times reports today. According to the paper, the plan could require execs at the embattled bank to give 4 percent of their annual pay to charitable organizations, which, if true, would mean the bank's chief, Lloyd Blankfein, would have some serious catching up to do. [NYT]

Goldman Gathers a Crowd

cityfile · 12/17/09 12:07PM

There was a protest outside Goldman Sachs this morning! The turnout wasn't great, but the handful of people who did turn out came armed with a special song. (It's to the tune of "Jingle Bells.") A video clip of the action is below.

Goldman Agonistes

John Cook · 12/16/09 11:21AM

The New York Times has identified the source of Goldman Sach's image troubles—it used to be a hip bank, one that really cared about the banking, you know? Now all they care about is money. Sellouts.

Goldman Caves!

cityfile · 12/10/09 10:36AM

Goldman Sachs is giving in, believe it or not. The bank announced this morning that it plans to change up the way it compensates its top 30 execs this year, as the fury over outsized pay packages continues to grow. Goldman says it will now pay out the bonuses in the form of restricted stock, a move that will likely gratify Goldman's critics and also terrify high-end real estate brokers and Porsche salesmen in the Hamptons. [NYT]

Goldman Not Preparing for Revolution, After All

cityfile · 12/09/09 03:51PM

Last week, Bloomberg News columnist Alice Schroeder suggested that panicky Goldman Sachs bankers were "loading up on firearms" in the event a "populist uprising" broke out. But that's not the case, you'll be relieved to hear:

Goldman Loses Again

cityfile · 12/07/09 01:11PM

Goldman Sachs has been taking lots of heat from shareholders, pundits, and politicians in recent weeks. Now even Goldman employees are furious with the firm. The bank recently spent $15 million on two murals for its new downtown office tower—one by Franz Ackermann and another by Julie Mehretu—but employees don't particularly like either of them, and it's "all anyone who walks in can talk about." [Business Insider]

The Confidence Is Back

cityfile · 12/03/09 09:34AM

Wall Street is feeling flush, clearly. Yesterday afternoon, a "resurgent" Bank of America announced that it plans to repay the $45 billion in government aid it received during the darkest days of the financial crisis last fall. And while you might expect that Goldman Sachs to be on the defensive given all the negative press that's come its way in recent weeks, it's behaving in quite the opposite fashion according to the Wall Street Journal, which reports the bank has been meeting with its investors recently to convince them why its employees are totally entitled to record bonuses this year. And then there's Deutsche Bank:

Goldman Prepares for the Apocalypse

cityfile · 12/01/09 10:07AM

Do be careful before chastising any senior Goldman Sachs execs you happen to come across. Alice Schroeder of Bloomberg News reports beleaguered bankers at the firm have been loading up on firearms recently and "are now equipped to defend themselves if there is a populist uprising against the bank." En garde! [Bloomberg; photo: VF.com]