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...value to our lives-will get the big numbers, $1 million and up. Way up. Overall, the average bonus will total a record $125,500, up 6% from last year. For overseeing a firm that collects enough in fees and commissions to afford such munificence, CEO Henry Paulsen at Goldman Sachs got $38 million. John Mack at Morgan Stanley got $23 million. Actually, the figure for Mack is only $11.5 million. I annualized it; he was there just half a year...
According to Marshall Goldman, associate director of the Davis Center for Russian and Eurasian Studies at Harvard, when prosecuting oligarchs, Putin went “too far yet not far enough.” He went after the oligarchs that did not support him, like Mikhail Khodorkovsky, yet suspiciously overlooked friendly others such as Roman Abramovich. Furthermore, the increasingly complacent Parliament was cajoled into passing strict controls on civil liberties. In a move almost unnoticed by Western media, Andrei Illarionov, a top economic adviser to Putin, resigned last week, loudly proclaiming Russia to be “no longer...
Mario Draghi's first task as Bank of Italy's new governor was accomplished the moment his name was announced - the respected No. 2 man at Goldman Sachs instantly restored credibility to Italy's besmirched financial system. After a six-month drama of piled-up ethical questions and judicial inquiries, longtime central banker Antonio Fazio finally stepped down last month. While several key private Italian bankers are being investigated in probes of two bank takeovers that Fazio green-lighted, Fazio denies any wrongdoing. (Last week, three more financial executives resigned, and the banker closest to Fazio, Gianpiero Fiorani, was interrogated...
...worked unsuccessfully as a journalist for The Tallahassee Democrat and The Herald Examiner of Los Angeles, graduated from Harvard Law School, worked at Goldman Sachs, started his own hedge fund, and then co-hosted the CNBC stock analysis show Kudlow & Cramer. His show now attracts 384,000 viewers five nights a week. It has turned CNBC’s 6 p.m. slot into one of its most highly-rated hours...
...Mikado,” and “HMS Pinafore”— sell out.“Families come back year after year, bringing their kids who then bring their kids,” HRG&SP president Melissa E. Goldman ’06, writes in an e-mail. “We have audience members who have seen every HRG&SP show since our inception in 1956.”“We would love to see more students and faculty members, coming to see the shows,” Goldman continues...