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Even when you’re doing “God’s work,” it turns out, a little deft marketing is in order. Goldman Sachs (GS), of course, put out its annual proxy filing on Friday afternoon, cordially inviting shareholders to a morning of procedural formalities and largely predetermined balloting. True to form, the dollar figures in the summary compensation table are [...]
Anyone who’s ever been through an AA-like program (or seen any number of movies about various forms of addiction) knows that Step No. 1 is admitting that there’s a problem. (For those unfamiliar with the 12 steps, Wikipedia provides this helpful primer). We were reminded of this when we read this 8-K that Goldman Sachs [...]
Yesterday, Goldman Sachs (GS) reported third quarter profits of $3.19 billion on revenues of $12.37 billion, which prompted stories like this one in the New York Times about Goldman’s public relations problems over giving high bonuses. While the release didn’t talk about the controversial bonuses directly, it did have this to say on pg. 3: [...]
