John A. Thain‚ CEO of Merrill Lynch who started in December of 2007 and received “$57‚692 in salary‚ a $15 million signing bonus and an additional $68 million in stock options.” or Lloyd Blankfein who was president and chief executive officer for Goldman Sachs who “took home nearly $54 million in compensation last year.” referring to 2007‚ is compensation of this magnitude for one year’s worth of work does two things. First‚ once you receive compensation this large it takes away the motivation to
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education and sophistication‚ but many investors are not really all that sophisticated. Goldman Sachs was scrutinized for marketing complex securities to its investors without telling them that a major hedge fund had taken a short position against these securities. The so-called sophisticated investors lost about $1 billion in this synthetic collateralized debt obligation (CDO). The SEC investigation of Goldman Sachs has emphasized that even institutions rely on sellers and may be misled just like
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Sanford C. Bernstein To all of you who have asked for my help in finding a job on Wall Street‚ I want to apologize for my delay in getting back to you. I do have an excuse though‚ -- as most of you realize Wall Street is not an altruistic place. So when you asked for our assistance in the late fall‚ the Street was in the midst of its annual bonus season. This is a period of the year when the finance careers are made or ended‚ annual compensation is determined and the partners of the Wall Street’s
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In fact‚ it’d be a stretch to state that the government is at all secret about its involvement with Wall Street. Blatant deregulations‚ policy changes that benefit banks and investors‚ as well as politicians recieving giant contributions from Goldman Sachs‚ Enron‚ etc.‚ prove how connected the mentioned entitities are. Although Taibbi uses informal and at times vulgar laguagne to convey his frustration with the system‚ he supports his accusations with credible‚ eatil-oreinted
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http://www.bloomberg.com/news/2013-11-04/u-s-steelmakers-rise-as-goldman-predicts-recovery.html The economy has a major effect on everything‚ and AK steel is no exception. Due to the stagnant growth in the economy steel prices have dropped‚ and has caused AK to have a surplus in supply. Which is causing its stock prices to plummet‚ and at this point is barely just breaking even. Yet there is still hope for them in with companies such as Goldman Sachs has raised their ratings for AK. They project a comeback
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relative winners in 2014E: external demand/export strength‚ leverage trends‚ structural reform focus and organic growth areas. Helen Zhu +852-2978-0048 helen.zhu@gs.com Goldman Sachs (Asia) L.L.C. Ben Bei +852-2978-1220 ben.bei@gs.com Goldman Sachs (Asia) L.L.C. Timothy Moe‚ CFA +852-2978-1328 timothy.moe@gs.com Goldman Sachs (Asia) L.L.C. Jason Sun +86(10)6627-3187 jason.sun@ghsl.cn Beijing Gao Hua Securities Company Limited Strong upside‚ front-end loaded returns We believe that
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merger will not affect the firm’s level of working capital.) Use the average exchange rate of EUR/GBP=1.5789‚ and the Goldman Sachs WACC estimate (notice that total operating profit impact is pre-tax). Based on these calculations‚ should Vodafone shareholders support the deal? c. UK equities returned 7.7% over the UK risk-free rate for the period 191993. This suggests that Goldman Sachs’ WACC estimate might be too low. Assuming a market
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As part of a bid to prevent the insurer’s failure‚ the U.S. settled derivatives and loan contracts worth $32.7 billion withGoldman Sachs Group Inc.‚ Merrill Lynch & Co.‚ Societe Generale‚ Deutsche Bank AG and UBS AG. That’s about half the $66.7 billion that those companies‚ the five biggest beneficiaries of loans and capital infusions for AIG‚ said they spent on pay and benefits last year for employees‚ some of whom created or traded toxic subprime assets that proved deadly for lenders. The bonuses
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At the crime scene numbers of proof were found that pointed fingers to Ms. Brown’s ex husband. There was hair evidence‚ containing OJ’s hairs found on a cap at the residence. His hair was also found on Ron Goldman’s shirt. There were fibers found on the ski cap that also matched the same fibers in OJ’s Bronco. Similar fibers were also found both on the glove and on Mr. Goldman’s shirt. There was a sock found on the floor in Simpson’s bedroom that appeared to have Nicole’s DNA on it. Investigators
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Citigroup Fails Fed’s Stress Test as BofA Gets Dividend Boost By Michael J. Moore and Elizabeth Dexheimer Mar 27‚ 2014 9:45 AM GMT+0545 - Comments Email Print AprJunAugOctDecFeb40.0045.0050.0055.0060.00* Price chart for CITIGROUP INC. Click flags for important stories. C:US50.16-0.14 -0.28% Related Citigroup‚ Four Other Banks Fail Fed Stress Test Citigroup Inc.’s capital plan was among five that failed Federal Reserve stress tests‚ while Bank of America Corp. won approval for its first
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