Tag:
David Viniar
Latest Headlines
Latest Headlines
Goldman Sachs says layoffs imminent
We all knew this was coming. We just didn't know when. Goldman Sachs' lousy second-quarter earnings, the biggest downside earnings surprise for the gilded bank in recent memory, has forced its hand on job cuts.
Goldman Sachs has announced it will lay off 1,000 employees soon, a not insignifica
Who will replace David Viniar as Goldman Sachs CFO?
We are still seeing a lot of media speculation when it comes to executive succession issues at Goldman Sachs. Most of the chatter has been about CEO Lloyd Blankfein and, to a lesser extent, President Gary Cohn. Bloomberg weighs in with an article about CFO David Viniar and how the board might
Will Warren Buffett sell shares back to Goldman Sachs?
Recall that back in September 2008, Warren Buffett ( Warren Buffett news) invested $5 billion in then-struggling Goldman Sachs (NYSE: GS ). The terms of the deal were enviable. He wrangled a hefty 10 percent annual dividend per year. But he also won a clause requiring the bank's top executi
Goldman Sachs CFO David Viniar thinking about stepping down?
The PR bloodbath that Goldman Sachs ( NYSE: GS ) has endured as of late has been especially unkind to Lloyd Blankfein ( Lloyd Blankfein news), the embattled CEO, and to lesser extent the president Gary Cohn ( Gary Cohn news). But the man one might think would've been similarly hit has mana
Goldman Sachs execs get big distribution
It was big news when Goldman Sachs ( NYSE: GS ) announced CEO Lloyd Blankfein ( Lloyd Blankfein news) and other top executives' bonuses for a stellar 2009--a seemingly paltry, politically correct, all-stock bonus of $8.9 million each ( it really turned out to be $9.8 million ).
The move
Is the worst over for hedge funds?
We may get some additional spates of bad hedge fund news. But for the most part, more people are starting to feel that the worst may finally be over.
Case in point: Goldman Sachs Chief Financial Officer David Viniar said during a conference call with analysts and investors, "It feels like we a
Goldman Sachs executives to forego bonuses
Lawmakers are livid that TARP funds may be contributing to big bonuses at some banks. And that has put some banks in a very awkward position. Goldman Sachs has responded by deciding that the top executives will not get bonuses for 2008. The list includes Lloyd Blankfein; Jon Winkelreid and Gary Co
Goldman wants to buy up to $50 billion in bank assets
Goldman Sachs loves playing the role of white knight. It now say it is willing to commit up to $50 billion to buy bank assets. Goldman plans to talk to regulators to identify appropriate opportunities, according to the Financial Times . Goldman chief financial officer David Viniar maintains the
Top banks go bargain hunting
CNBC notes that more top banks seem to be on the lookout for bargains. Lehman Brothers CFO Erin Callan suggests that the price plunge of many securities has been "driven by many technical factors, which may not reflect intrinsic value."Â Goldman Sachs CFO David Viniar sa
Goldman Sachs co-presidents fare well
Lloyd Blankfein, Goldman Sachs ' CEO, made $68.5 million last year in salary, bonuses and grants. But his co-presidents, Gary Cohn and Jon Winkelried, fared almost as well. They each made $67.5 million. David Viniar, Goldman's chief financial officer, made $57.5 million for 2007 and Edward Fors
