Word: firms
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...most accounts, Goldman Sachs is doing pretty well for a financial services firm these days: its stock is down only 14% over the past year, compared to 29% for the currently embattled industry overall, and it earned $11.6 billion in profits in its most recent fiscal year. So does that mean CEO Lloyd Blankfein deserves the $70 million pay package he received for 2007? Maybe. Or maybe not. But at the very least shouldn't public shareholders - the people who actually own the company...
...which is why on Thursday, at Goldman's annual meeting, the senior vice president of Walden Asset Management, which owns 65,000 shares of the Wall Street giant, will stand up in front of thousands of fellow shareholders and make the case for being able to vote on the firm's compensation practices. Smith's gambit is just the latest salvo in the ongoing battle over executive pay, but this time there's a crucial difference: the pressure isn't coming just from politicians and populist crusaders, but also from big institutional shareholders like mutual funds, pensions and foundations...
...students could also use more resources.With regard to the upcoming drop in hiring, Smith said that arresting growth is necessary so that upcoming projects, including expansion into Allston and improvements to pedagogy, can be implemented without running out of “resource headroom.”A FIRM HANDAlso at yesterday’s meeting, the Faculty voted on a rare motion to dismiss a student from the College. Such motions are tantamount to a permanent severance of ties with Harvard. A two-thirds vote by the Faculty is required to pass the motion, and the action can only...
...beyond cruel how the Admissions Office announced they would accept no transfers after applications had been composed and recommendations obtained. Imagine if an I-banking firm announced in mid-March that they suddenly wouldn’t need any interns or employees, after candidates had slaved away over résumé building and interviews...
...revealed that a key aide, Carter Eskew, had done work on a tobacco industry advertising campaign that was aimed at undermining the Clinton Administration's tobacco settlement deal." In fact, Eskew had done the work before he joined the campaign, at which time Gore insisted he leave his firm...