Goldman CEO Blankfein gets $9M stock bonus for 09
Goldman Sachs Group Inc. CEO Lloyd Blankfein is getting a $9 million stock bonus for 2009, a modest payday by Wall Street standards that appears aimed at quelling criticism of the bank’s compensation practices.
Blankfein will receive more than 58,000 shares of restricted stock that can’t be cashed in for five years, the bank said in a securities filing Friday. Blankfein will receive no cash as part of his bonus.
Blankfein’s bonus was less than some had expected. But it reflects Wall Street’s changing pay culture. Several banks are paying their CEO restricted stock and adopting clawback provisions in response to a furor over outsized paydays at financial institutions that helped push the economy into a recession and then later took billions in federal bailouts.
Still, Blankfein led Goldman to a stellar 2009 performance, and some had predicted his bonus would range between $15-$20 million. [Read the full article]
Las Vegas Sands Corp. (NYSE:LVS – News) today announced that it will host a conference call to discuss its financial results for the quarter and year ended December 31, 2009, on Wednesday, February 17, 2010 at approximately 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).
A webcast of the conference call may be accessed at the Investor Relations section of the company’s website at www.lasvegassands.com.
Las Vegas Sands Corp. (NYSE:LVS – News) is the leading global developer of integrated resorts — destination properties which feature premium accommodations, world-class gaming and entertainment, convention and exhibition facilities, celebrity chef restaurants, and many other amenities. [Read the full article]
Short-term forecasts subsequently depend on the trajectory of financial market risk sentiment, how it relates to European asset classes and the continued viability of the EMU. Though the 16-member Euro zone is no stranger to turmoil, sustained budget crises threaten to shake the foundations of the union and present real danger to the euro. Markets are subsequently likely to ignore anything but the biggest surprises in upcoming economic event risk and instead pay very close attention to ongoing activity in sovereign deficit troubles. The key question rolling forward is whether or not Greece can contain its growing budget deficit and whether any problems in one country can cause contagion across the broader Euro Zone. Similar budget issues in Portugal and Spain have come to the spotlight despite their comparatively manageable fiscal shortfalls and underline risks that fiscal troubles may spread to other EMU members. [Read the full article]
After a weeklong absence, new copies of Andrew Young’s “The Politician,” Hilary Mantel’s “Wolf Hall” and other books published by Macmillan are available for purchase on Amazon.com.
Since last Friday, Amazon had limited the availability of Macmillan releases in a dispute over e-books, with Macmillan calling for a new pricing system that would end the $9.99 rate Amazon had been setting for best-sellers on its Kindle e-reader. Macmillan and other publishers believe $9.99 is too low and threatens the value of books overall.
During the dispute, Amazon had stopped offering new copies and e-book editions of many Macmillan titles, allowing purchases only through third-party sellers. [Read the full article]