Archive for January 13th, 2010

Goldman Tries to Put a Halo on Bonuses

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Goldman Sachs is doing its best to prove that what’s good for its company is good for the rest of us. But image consultants and corporate-compensation experts say the Wall Street firm’s recent moves won’t quell the growing anger against the world’s most profitable bank.

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New executive compensation and corporate governance rules for 2010 proxy season

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Published in Lexology January 13, 2010 by Seyfarth Shaw LLP

The new rules require a company to consider how, if at all, its overall compensation for employees creates incentives that may impact its risk and management of risk. This new disclosure is only required if a company determines that risks arising from its compensation policies and practices for all employees could have a material adverse effect on the company.

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CEO turnover in 2009 falls to lowest point in five years

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The nation’s companies reported that 1,227 chief executives vacated their posts during 2009, the lowest level in five years, according to a survey today.
Last year’s total was 17% less than the record 1,482 departures of 2008 and the smallest annual number since the 663 chief executives who left in 2004, according to Chicago outplacement firm Challenger, Gray & Christmas Inc.

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