Archive for January 13th, 2010
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.
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.
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.