David M. Solomon earned $25 million in 2022, still a hefty sum but 30 percent lower than a year earlier.
Category: Goldman Sachs Group Inc
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Goldman Sachs Cuts C.E.O. David Solomon’s Pay After Bank’s Poor Performance
The New York Times – Business: -
Tesla Bulls Take Heart From Strong Profits
The New York Times – Business:Shares in the electric carmaker continued to rally after the company reported strong profits, even amid growing competition and economic pressures.
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How the Corporate Cafeteria Is Changing
The New York Times – Business:Even as the sprawling dining halls of old struggle with emptier workplaces, food is still important to employees, particularly the young. Many companies are reinventing the company meal.
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Goldman Sachs Earnings Fall Short of Expectations, Causing Alarm
The New York Times – Business:The Wall Street giant reported that its profit fell by nearly 70 percent in its latest quarter, lagging results at its rival Morgan Stanley.
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Goldman Sachs’ Marcus Consumer Banking Move Turns Costly
The New York Times – Business:Goldman Sachs will take a big hit from its ill-fated move into consumer banking, even as its other businesses weaken amid an economic slowdown.
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Disney Prepares for a Board Fight by Nelson Peltz
The New York Times – Business:After months of talks, the activist investor Nelson Peltz is jockeying for a director position at the entertainment giant as he pushes for a series of changes.
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Big Job Cuts are Coming to Goldman Sachs
The New York Times – Business:The firm’s chief executive, David Solomon, has given the task of determining which divisions will be affected to a chief lieutenant.
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Goldman Sachs Begins Large Round of Layoffs
The New York Times – Business:The investment bank plans to cut up to 3,200 jobs, or roughly 6 percent of its work force, as it faces economic challenges and cuts costs after an expensive foray into consumer lending.
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SEC Fines Steve Easterbrook, McDonald’s Ex-CEO
The New York Times – Business:The Securities and Exchange Commission fined Steve Easterbrook for lack of disclosure about the circumstances behind his firing in 2019.
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The Bull-and-Bear Case for 2023
The New York Times – Business:The S&P 500 is on pace for its first annual decline since 2018 and its worst performance since 2008. Will markets fall further next year?
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Crypto Mogul Sam Bankman-Fried’s ‘Epic’ Legal Battle
The New York Times – Business:The disgraced crypto entrpreneur was freed on $250 million bond, but is due back in court in early January on federal fraud charges.