Wednesday, April 7, 2010 as of 11:14 AM ET
It's being billed as the biggest salvage job on Wall Street—and it has nothing to do with preventing another meltdown at troubled mega banks Bank of America (NYSE:BAC) and Citigroup (NYSE:C).
Rather, it's about preserving the job—at least for a while—of Goldman Sachs' chief executive Lloyd Blankfein.Goldman's (NYSE:GS) board has directed new public relations chief Jake Siewert to begin to reshape Blankfein's image—battered and bruised by three years of bad publicity and Blankfein's uneven performances before Congressional committees investigating the firm's role in the financial crisis.According to people close to the firm, Siewert understands the difficulty in creating a new image for Blankfein and the necessity of the task: Goldman's board believes it has no choice but to keep Blankfein in the job to prevent a civil war between competing factions at the firm, according to people with direct knowledge of the matter.As one senior Goldman executive told FOX Business: "There will be all-o...After an employee quit with a highly publicized critique of its culture, Goldman Sachs Group Inc. (GS) has been scouring emails and other internal communications for...
A week after the very public and controversial resignation of former employee Greg Smith , Goldman Sachs (NYSE:GS) is reportedly scanning for the word ‘muppet’ in in...
As Occupy Wall Street marked its six-month anniversary, the Securities and Exchange Commission told Goldman Sachs Group Inc. (GS) and J.P. Morgan Chase & Co. (JPM) t...
Greg Smith's may very well go down as one of the most infamous Wall Street resignations in history after his blast of Goldman Sachs (NYSE:GS) on Wednesday sent shock...
An outgoing Goldman Sachs (NYSE:GS) employee unleashed a scathing Op-Ed on Wednesday that criticized the Wall Street firm as full of self-interested people who care ...
DOW JONES NEWSWIRESLloyd Blankfein might step down as chief executive of Goldman Sachs Group Inc. (GS) as early as this summer and president and chief operating offi...
It's official. Goldman Sachs Group Inc.'s (GS) colorful and sometimes controversial head of communications, Lucas van Praag, is retiring at the end of March.A memora...
Goldman Sachs Group Inc. (GS) granted Chief Executive Lloyd Blankfein restricted stock valued at $7.2 million as of Friday's close as part of his 2011 compensation.T...
Senior executives of Goldman Sachs Group Inc. (GS) received another installment of stock awarded in previous years, including 24,249 shares for Chief Executive Lloyd...
Goldman Sachs Group Inc. (GS) said Donald Mullen, Jr., global head of credit and mortgage businesses within its securities division, is retiring.Mullen is a partner ...
President Barack Obama continues to enjoy support from a core group of financial executives, particularly in the hedge fund business, but his support at major Wall ...
FBN’s Charlie Gasparino on Goldman Sach’s plans to cut costs, particularly in the U.S., while expanding overseas.
Goldman Sachs Group Inc. (GS) Chairman and Chief Executive Lloyd Blankfein's total compensation for 2011 fell 35.5% to $12 million as the securities firm had its lea...
Goldman Sachs Group Inc Chief Executive Lloyd Blankfein's compensation increased 14.5 percent to $16.2 million in 2011 despite a sharp decline in profits and share p...
FBN's Charlie Gasparino on Goldman Sachs continuing to investigate Greg Smith’s claims over malicious talks in emails.
FBN’s Charlie Gasparino on Goldman Sachs CEO Lloyd Blankfein telling people he wants to remain at the bank for at least one more year and has the backing of the Board.
Goldman Sachs Group Inc. (GS) said James J. Schiro, a former insurance executive, will become its new lead director and chairman of its board's corporate governance ...
Executives of U.S. investment bank Goldman Sachs (NYSE:GS) are due to take their Indian charm offensive to the capital, New Delhi, on Friday, sources said, after cou...
Worried about a shareholder proposal aimed at splitting the CEO and chairman roles, Goldman Sachs (NYSE:GS) reportedly considered reducing controversial CEO Lloyd Bl...
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