To hear it from his handlers at Goldman Sachs, CEO David Solomon is having quite a moment these days. After surviving a rocky couple of years of staff turmoil and business failures (retail banking, the Apple credit card), Solly gave up his side hustle as DJ D-Sol so he could focus more on his day … Read more
Goldman Sachs and Bank of America shareholders voted against proposals to divide the CEO and chairman roles at both banks on Wednesday, bucking pressure from influential proxy advisers to bolster corporate governance. Proxy advisers Institutional Shareholder Services (ISS) and Glass Lewis had urged shareholders to support the moves and strip Goldman CEO David Solomon and BofA … Read more
It was nice to be with my friends all the time. Oxford was a lovely place to grow up in. I wasn’t in the top set, but I was in the one below that. I was quite clever, vaguely sporty and very competitive. Max Johnson (left) with Boris Johnson (second left) and other family members, … Read more
At a time when the global euphoria about AI has propelled a three-fold surge in Nvidia’s stock, investors are pointing toward emerging markets for better value and a bigger pool of options. Read original article here Denial of responsibility! Pioneer Newz is an automatic aggregator of the all world’s media. In each content, the hyperlink … Read more
It’s a tale of two Wall Streets. Hundreds of thousands of junior bankers are cutting back after their bonuses were a bust this year. But the very top of the 1% is living large thanks to the stock market surging and Bitcoin soaring — meaning their inflation-beaten bonuses didn’t affect their wealth. The stock market’s … Read more
The recent surge in cryptocurrency prices has been driven by retail investors, but institutions are starting to join in, Goldman Sachs’ head of digital assets Mathew McDermott said on Tuesday. Bitcoin, the biggest cryptocurrency, hit a new all-time high of $73,794 last week and has gained 50% so far this year, pulling other crypto prices … Read more
Krishnan Mahadevan took over Iyer Idly after his father’s death. Reportedly, more than 50,000 idlis are sold every month at Iyer Idly. In India, the entrepreneurial culture has been on the rise, especially in the last 10 years due to the advent of many startups. Many entrepreneurs have started from scratch, while others have left … Read more
The bids are in and the Champion sale process is closer to finding its winner. Hanesbrands Inc. hired Goldman Sachs & Co. and Evercore last year to explore “strategic options” for the active brand, leading to an auction that set the deadline on first-round bids for Wednesday, WWD previously reported. A source close to the … Read more
Goldman Sachs is shuffling its management committee, in the latest indication of the power dynamics at the bank, the Wall Street Journal reported Friday, citing people familiar with the matter. A source familiar with the matter told Reuters that company veterans Alison Mass and George Lee have left the group, which comprises the heads of the … Read more
A top Goldman Sachs banker who was seen as a candidate to one day succeed embattled CEO David Solomon revealed he is retiring — a surprise exit that signals Solomon’s consolidation of power, according to reports. Jim Esposito, 56 — a college wrestling enthusiast who played a key role in the merger of Goldman’s investment … Read more
