Goldman Sachs Group Co-President and former CFO Harvey Schwartz will retire April 20, the company said Monday in a press release. The announcement came just days after the Wall Street Journal reported that CEO Lloyd Blankfein is preparing to step down, possibly later this year.
Goldman Sachs, a holding of Jim Cramer's charitable trust Action Alerts PLUS, are up 80% since Lloyd Blankfein started as CEO in June 2006.
Goldman Sachs Group's CEO Lloyd Blankfein plans to step down from the job as soon as the end of the year, says a report.
Today is #AlphaRising's favorite #FearlessGirl's birthday and so we think you should get to know her better because think she hope she sticks around for a long, long time!
Blackstone CEO Stephen Schwarzman got $125.5 million in annual compensation last year, multiples of the compensation for other longtime financial CEOs including JPMorgan's Jamie Dimon and BlackRock's Larry Fink. Yet the stock's performance has lagged.
Our first podcast for Women's History Month was a blast! Our expert panel talked about the state of women on Wall Street. Listen here for a piece of the expert advice that was given to keep us all moving forward.
Wells Fargo, the embattled U.S. bank, said four directors will retire from its board. The announcement comes less than a month after the Federal Reserve imposed an unprecedented halt on the bank's future growth, citing subpar corporate governance among other failings.
Although BlackRock started as an investment firm primarily focused on bonds, the fixed-income business has been overshadowed in recent years by the runaway growth in index-tracking and exchange-traded funds, mostly concentrated in stocks.
The Goldman Sachs board of directors gave CEO Lloyd Blankfein a 9% pay raise in 2017 to $24 million, and he may have his lower-paid workers in India and Poland to thank.
JPMorgan Chase increases its targeted return on tangible common equity - a key measure of profitability - to 17% from 2017's target of 15%, as the U.S. bank benefits from a drop in corporate taxes and rising interest rates.
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