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...contributing to charity. And a look at past donations suggests that Goldman and its employees will have to do a better job of choosing their charities if they hope to get the maximum image boost. Among the roughly 450 nonprofit organizations that Goldman employees donated to through the voluntary program in 2008 are some of the nation's most élite private schools. One of the largest recipients of Goldman money in 2008 was New Jersey private school Rumson Country Day School. Also on the list are Choate Rosemary Hall, Lawrenceville and Spence. Top colleges got their share of Goldman...

Author: /time Magazine | Title: Goldman Tries to Put a Halo on Bonuses | 1/13/2010 | See Source »

...latest move to rebuild its reputation, Goldman will reportedly require its executives and top managers to donate a portion of their bonuses to charity. Goldman already has a program to promote voluntary giving by the firm's 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...

Author: /time Magazine | Title: Goldman Tries to Put a Halo on Bonuses | 1/13/2010 | See Source »

...others say the charity plan is likely to fall short of its assumed goal: reversing a slide in Goldman's public image. That's because the amount the program is likely to generate in donations will be dwarfed by bank bonus payouts. In the next week or so, Goldman and other large financial firms will hand out an estimated $140 billion in 2009 bonuses. Goldman alone is expected to enrich its employees by $18 billion. The large bonuses have drawn scrutiny because they are being paid at a time when the unemployment rate is 10% and many Americans are suffering...

Author: /time Magazine | Title: Goldman Tries to Put a Halo on Bonuses | 1/13/2010 | See Source »

...picture are the revelations voiced by Schmidt on 60 Minutes - in particular, her habitual shading of the truth in ways that exposed the campaign to extreme political vulnerability. "You know, it [was] the equivalent of saying down is up and up is down," Schmidt told Anderson Cooper on the program. "[She routinely said things] that were provably, demonstrably untrue...

Author: /time Magazine | Title: The Uncertain Future of Sarah Palin | 1/13/2010 | See Source »

...Yemeni government scholarship allowed Anwar to return to the U.S.; in 1991 he enrolled in Colorado State University's civil-engineering program. Friends remember al-Awlaki as a low-key young man who lived modestly in a one-bedroom apartment and drove around Fort Collins in a beat-up old Buick. He prayed at the Islamic Center of Fort Collins but did not stand out as being especially religious and was not active in CSU's Muslim students association...

Author: /time Magazine | Title: How Dangerous Is the Cleric Anwar al-Awlaki? | 1/13/2010 | See Source »

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