Word: tops
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...latest move to rebuild its reputation, Goldman will reportedly require its executives and top managers to donate a portion of their bonuses to charity. Goldman already has a program to promote voluntary giving by the firm's partners, which was started two years ago. The new program would expand the program to more of the firm's employees, and set a mandatory floor for charitable giving. While it's rare for a company to force its employees to donate, lawyers say it is perfectly legal. Bear Stearns, which was swallowed by JPMorgan Chase at the beginning of the financial crisis...
...proposed charitable-giving plan is already getting a warm reception by at least one group: Goldman's own rank and file. Top Wall Street recruiter Gary Goldstein says he has been hearing about the plan for some time now, and says the reaction from Goldman employees has been positive...
Under the old Bear Stearns plan, top executives were required to donate 4% of their bonuses to charity. For Goldman, that would mean a charitable donation of just over $700 million. And that's if every employee is forced to participate, which is not likely to be the case. Still, even $700 million would be far less than the $12.9 billion Goldman received when AIG was bailed out by the Federal Government. And it's a fraction of what Goldman has been making in the market at a time when the government is spending trillions to support asset prices...
...aftermath, the Pope called for tolerance and the government evacuated about 1,000 immigrants to neighboring cities to ensure their safety. The migrants also received uncharacteristically sympathetic media coverage. "This Time ... The Negroes Are Right," read the headline on Jan. 9 in the conservative newspaper Il Giornale. (See the top 10 news stories...
...have been sorely disappointed. What they got was an unyielding defense of Britain's role in the Iraq conflict and a tantalizing hint of bigger revelations to come when the former Prime Minister submits himself to the inquiry, sometime in the two-week period commencing Jan. 25. (See the top 10 embarrassing diplomatic moments...