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After a run of acquisitions, Sing Wang's Tom.com looks more like a budding media empire than the fledgling Net start-up Wang joined in July 2000. The ex-Goldman Sachs banker has made the company a publishing, outdoor-advertising and sports-marketing moneymaker in the rough-and-tumble Chinese media industry. He staged a mini-coup in July when his company acquired controlling interest in CETV, AOL Time Warner's beleaguered foray into China's television market. Wang plans to make the channel profitable by using Tom.com's existing sales network to bring advertisers to CETV...
Wall Street moneymen have been among the most aggressive in raising dividends: Goldman Sachs, where executives and directors collectively own 25 million company shares, doubled its annual payout to $1 a share. After tax, CEO Henry Paulson's 4 million shares will spin off $3.4 million in dividends--up from $1.2 million. Goldman spokesman Peter Rose says it's "preposterous" that the move had anything to do with personal enrichment and that Goldman's dividend was merely brought up to the industry average. Bear Stearns, long famous for nosebleed executive pay, raised its dividend 18%, to 80˘ a share. After...
Responding to the favorable tax treatment, 96 companies initiated or raised dividends in June--10% more than in June of last year and a 32% jump over the 10-year average for that month. A handful of blue-chip companies, including Bank of America, Citigroup, Colgate-Palmolive, Goldman Sachs and Starwood Hotels, boosted their dividends a whopping 30% or more. Some smaller firms have been even more aggressive. Energy company Kinder Morgan has a volatile dividend history but recently raised its annual payout to $1.60 a share--five times what it paid last year and double its biggest dividend...
...those days a professor didn’t normally provide you with much face time,” Goldman said...
...always his former student, something you never graduate from,” Goldman said...