Word: goldmans
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...Snack Wraps (soft tortillas filled with chicken, lettuce and cheese) are perfectly positioned to feed a nation simultaneously worried about money and fat - but the company's boom actually began in 2006, before the recession hit. A major reason was the improvement in its menu. A glowing Feb. 2 Goldman Sachs analyst's report on McDonald's is typical of Wall Street sentiments. The report says McDonald's is "stepping up investment when peers cannot" and cites the "strong new product pipeline" as a key factor...
...many government officials from your former company, Goldman Sachs? -Mark Wolfinger, Evanston, Ill. When I looked to bring people in to work with me, I was looking for people who had the skills and the experience and were willing to do the job. I was fortunate to work in a firm where government service was stressed as a virtue...
...credit crunch wasn't as hard on Goldman Sachs as it was on some other companies. Why then did it still ask for money under that first set of bailouts in 2008? -Mulkah Ade, London We brought nine big banks into Treasury and asked them to all take capital [voluntarily]. That made it easier for many other banks to do so. In a crisis, we have what some people term the tallest-midget syndrome. Bankers don't want to be perceived as being weak, so they say, "I'm healthy, I'm strong, I don't need it" - right...
...what most of us would consider to be lucrative jobs. Last June, top Merrill Lynch investment banker George Young was hired by Lazard to be a vice chairman of its U.S. investment bank. Lazard paid its employees an average of $505,000 in 2009, slightly more than Goldman Sachs. Young, most likely, got considerably more. Thain, for his new job, will be getting an annual salary of $6 million, of which $500,000 will be in cash and the rest in restricted stock...
...insurance giant AIG, U.S. Treasury Secretary Timothy Geithner--head of the New York Fed when the e-mails were sent--was called to testify Jan. 27 on Capitol Hill, along with his Treasury predecessor Henry Paulson. At issue: the use of taxpayer money to cover AIG's debts to Goldman Sachs, Morgan Stanley and other Wall Street firms. Both men defended the "backdoor bailout" and denied any involvement in the alleged attempt to hide the details of payments...