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“$50M bonus to Goldman Sachs CEO and COO ‘excessive’” Goldman Sachs’ plan to pay a $30 million one-time bonus to Chief Executive David Solomon and a $20 million bonus to Chief Operating Officer John Waldron is “excessive,” proxy adviser Glass Lewis argued Friday. The shareholder advisory firm told Goldman shareholders they should vote against the…
“Elon Musk broke the law when buying Twitter shares: experts” Tesla CEO Elon Musk appears to have violated federal law by not notifying the SEC that he was buying up shares of Twitter, according to a report. SEC regulations required Musk to notify the market when his stake in the social media company had surpassed…
“Closing arguments heard in ex-Goldman banker Roger Ng trial” A former Goldman Sachs banker should be convicted of helping loot billions of dollars from Malaysia’s 1MDB sovereign wealth fund and causing “immeasurable” harm, a US prosecutor told jurors in her closing argument on Monday. But a lawyer for the defendant Roger Ng, Goldman’s former top investment…
“GameStop shares surge on first stock-split plan in 15 years” Shares of GameStop surged Friday after the video game retailer announced that it would attempt its first stock split in 15 years. The company said in a regulatory filing late Thursday that it wants to increase its share count to 1 billion, from 300 million,…
“Deutsche Bank didn’t fire truth-teller in strip club expense saga” Deutsche Bank made headlines last week for axing a group of bankers who expensed a night at a strip club and lied about it — but spared the lone employee who ‘fessed up, The Post has learned. As reported by The Post, the German financial…
“Former cop slashed at Wall Street subway station” A former NYPD cop was slashed in the arm on a subway in Lower Manhattan Wednesday afternoon, police said. The man was stabbed in the arm just before 4:15 p.m. on the northbound 2 train platform at the Wall Street Station during a dispute, according to MTA…
“Junior Goldman Sachs bankers threaten to quit over ‘5 days a week’ office rule” Junior bankers at Goldman Sachs are threatening to quit over demands that they show up to the office five days a week as the pandemic wanes — and some gripe that their bosses have been quietly checking attendance. As bonuses across…
“OnlyFans seeks IPO, but porn a turnoff for investors: report” OnlyFans is looking to partner up with a blank-check company, or SPAC, to lay the groundwork for an initial public offering — but there are no takers despite the porn platform strong finances, according to a report. Potential investors and SPAC partners have been hesitant…
“TV ratings company Nielsen to be acquired for $16 billion” Nielsen is being acquired for $16 billion, including debt, about a week after the media measurement company rejected a $9 billion offer. Viewing data collected by Nielsen plays a big role in determining where billions in advertising dollars are spent each year. The company itself…
“Tesla shares soar after electric car maker announces stock split” Shares of Tesla were up by more than 6% in early trading on Monday after Elon Musk’s electric car maker announced plans to split its stock. Tesla will ask its shareholders to approve a plan to increase the number of its authorized shares, according to…