Word: bearing
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Dates: during 2010-2019
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...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, used to have a similar plan...
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...
...nine months, the 60% pop off the bottom, not just for stocks but for high-yield bonds, etc., is indicative of a return in perspective to the old normal as opposed to the new normal. We think that 2010 will be tempered, and that doesn't mean bear markets, but it does mean a growing realization that we have a lot of problems and the markets aren't necessarily priced...
...informed the families of the victims before confirming the deaths. "Families have been our Agency's first priority," Panetta said in his memo. "Before sharing this information with anyone else, we wanted to be in contact with each of them. This is the most difficult news to bear under any circumstances, but that it comes during the holidays makes it even harder." (See an aerial view of a U.S. military forward operating base in Khost...