Breakingviews

More Wall Street CEO cash is hint for shareholders

January 23, 2015

JPMorgan is paying a portion of Jamie Dimon’s bonus in hard money for the first time since 2011. Goldman is boosting Lloyd Blankfein’s cash. Meanwhile, stock gains are slowing. Bank bosses still get most of their comp in shares. But the switch may suggest equity has less to offer.

Losing Luster: Crunch time for Goldman Sachs

By Reuters Staff
October 5, 2011

Nothing attracts public opprobrium for the financial industry more than Goldman Sachs and its boss Lloyd Blankfein.

Rough Ride: Goldman during the meltdown

By Reuters Staff
October 6, 2011

The writing on the wall became all too clear for Goldman Sachs and Morgan Stanley.

Goldman’s mixed messages

By Reuters Staff
October 7, 2011

Reputations aren't all that different from stock market valuations.

Goldman’s pay-earnings balancing act looks wobbly

July 17, 2012

The firm has tweaked capital and trimmed costs to boost returns to shareholders. But it still set aside 44 pct of Q2 revenue for pay. With return on equity running at just 5.4 pct, that looks unsustainable. Absent a market rebound, cutting comp is the least investors will expect.

Goldman takes 2 legal steps forward, 700 mln back

August 10, 2012

Both the U.S. DoJ and SEC dropped big cases against the Wall Street powerhouse, some welcome and rare relief for investors and CEO Lloyd Blankfein. But like other banks, its worries are far from over. Goldman just increased its litigation reserves by a quarter, to $3.4 bln.

Goldman needs to mark business model to market

August 16, 2010

Goldman Sachs has been at the vanguard of Wall Street firms in accepting the realities of the marketplace. During the crisis, Goldman chief Lloyd Blankfein noticeably stood out among his investment banking brethren arguing vociferously against an industry-wide push to relax mark-to-market accounting. But on matters relating to its image, Goldman has been stubbornly resistant. That may be about to change.

Goldman could use independent chairman right now

May 4, 2010

Goldman Sachs could use a non-executive chairman right now. Four years ago, the investment bank decided against separating the roles of chairman and chief executive and gave both to Lloyd Blankfein. But now, as Goldman and its boss find themselves in the crosshairs of legislators, regulators and the public, that looks like a lost opportunity. It’s not too late, though, to make the change.

Goldman emails show rise of technology and traders

April 27, 2010

Embarrassing emails aren’t new to Wall Street. After the dotcom bubble, star tech analysts were condemned for sending messages mocking the same stocks they urged investors to buy. Now Goldman Sachs is in the spotlight after Senate investigators uncovered correspondence from current and former executives which suggest they were anticipating the collapse of the mortgage market even as they flogged related products to clients.

7 things Goldman can do with its money

October 13, 2009

Lloyd Blankfein has been receiving lots of unsolicited advice on what to do with all the money Goldman Sachs is believed to have minted in the third quarter -- instead of simply dedicating the loot to fat year-end bonuses. Here's seven things he can do with that money.