Tag:
CEO
Latest Headlines
Latest Headlines
Goldman Sachs may reduce CEO pay
It’s hard to assess the compensation of top bank CEOs right now, as we don’t have full information yet.
The news only drips out as various pieces of compensation are disclosed at different times. Still, it’s interesting to note that Goldman Sachs CEO Lloyd Blankfein has received $7 million in
CFTC seeks widespread audits in wake of MF Global
Thanks, MF Global!
The commodities industry is not feeling a lot of warmth and fuzziness for the disgraced brokerage firm and its former CEO, Jon Corzine. The CFTC has apparently ordered every "futures commission merchants" to undergo an audit, to make sure that client money was not treated as
$600 million still missing from MF Global
It's not every day that $600 million vanishes.
But that is exactly what happened at MF Global, and if the money is not recovered soon, it will not be long before we start hearing demands that executives be put in jail. Someone somewhere in the enterprise knows something. The top executives--no
Bank of America's tries to reverse image
We noted recently that Bank of America was planning an aggressive media campaign to burnish its image.
The campaign comprises TV, print and online ads, which will run through the end of the year in 27 markets, including Charlotte, Boston, Chicago, New York and Los Angeles as well as some s
IT employees feeling stress of cyber wars
Research firm Dynamic Market has taken an interesting look at how IT employees are coping on the front lines of the information security war. The survey of 1,000 IT managers makes clear that the troops are feeling some combat stress. In fact, 72 percent say protecting company information is more s
SEC wants to empower compliance officers
We've been discussing the status of compliance executives and managers for quite a while now. The conventional wisdom is that such employees are in heavier demand these days, as compliance and GRC-oriented issues have become higher priorities. The title of "chief compliance officer" still doesn't
Banks eager to buy back stock
Banks are trading so far below their book value that they must be good investments right now, right?
A lot of value investors have been burned by such thinking. But if you really believe in the long-term viability of the banks, then why wouldn't you buy? Bank executives are obviously in this c
Former Xerox CEO: "Blacklist" boards without women
Back when Sarbanes Oxley was fresh, some people argued that the stepped-up board responsibilities would lead to more females on corporate boards.
The idea was that the need for talent, financial talent especially, was so great that boards would be prodded to expand the traditional pool of cand
Suit against Bank of America over Merrill Lynch advances
When people think of former Bank of America CEO Ken Lewis, they will likely first think about his disastrous Countrywide purchase back in 2008, a deal he promoted as one heck of a bargain.
The deal sealed his fate as the man who lead the once mighty bank to the edge of a scary precipice. But w
Massive internal rift hampers Morgan Stanley
All is not well in the Morgan Stanley empire. And once again, the source of friction is that time-honored divide pitting bankers against traders.
Bloomberg offers an arresting inside peek at the power struggle between Colm Kelleher, 54, "a gregarious former fixed-income salesman," and Pau
