User: newstrust Topic: Business
Category: Finance :: Compensation in Finance
Last updated: Nov 21 2018 15:58 IST RSS 2.0
 
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Trump surprises his lawyers, alarms friends by offering to talk with Mueller 25.1.2018 Washington Post
President Trump said he was “looking forward” to testifying under oath to the special counsel in the Russia probe, leading his lawyers to quickly try to clarify the statements. But the remarks reflect Trump’s preternatural self-confidence that he can talk his way out of any pickle.
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Economics may not be driving corporate generosity 20.1.2018 Washington Post
Economics may not be driving corporate generosity
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Why many companies are giving bonuses - not raises - after the new tax cuts 19.1.2018 Washington Post
Why many companies are giving bonuses - not raises - after the new tax cuts
The Finance 202: Trump is eager to claim credit for Apple moves. But it's a bit more complicated. 18.1.2018 Washington Post: Politics
The president seized on the news as validation of the Republican tax package.
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Assistant accused of stealing $1.2M in wine from Goldman co-president 18.1.2018 SFGate: Business & Technology

(Bloomberg) -- A former personal assistant to Goldman Sachs Group Inc. Co-President David Solomon faces federal charges that he stole more than $1.2 million of rare wine from his boss. Nicolas De-Meyer was arrested Tuesday night in Los Angeles and named in an indictment unsealed Wednesday in Manhattan federal court. De-Meyer worked for Solomon, whom the indictment described as an "individual who collects rare and expensive wine." The assistant apparently found the good stuff. The theft included seven bottles from the French estate Domaine de la Romanee-Conti, a Burgundy widely considered "among the best, most expensive and rarest wines in the world," according to the indictment.

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Ex-personal assistant charged with $1.2-million wine theft from top Goldman Sachs executive 18.1.2018 LA Times: Business

A former personal assistant to Goldman Sachs Group Inc. Co-President David Solomon is accused of stealing more than $1.2 million worth of rare wine from his boss.

Nicolas De-Meyer was arrested Tuesday night in Los Angeles and charged in an indictment unsealed Wednesday in Manhattan federal court....

Goldman Sachs posts $1.9 billion 4Q loss due to new tax law 17.1.2018 AP Business
NEW YORK (AP) -- Goldman Sachs posted a $1.93 billion in the fourth quarter, the investment bank said Wednesday, as the bank had to record more than $4 billion in charges related to the new tax law. It was the bank's first quarterly loss in more than six years....
As companies give bonuses, prospect of pay gains still hazy 14.1.2018 SFGate: Business & Technology
WASHINGTON — American Airlines is handing out $1,000 bonuses to its employees. So are AT&T, Bank of America and Nationwide Insurance. The same for Comcast, JetBlue Airways and US Bancorp. Such announcements, coming from dozens of companies, have followed the passage of the Republican tax plan that President Trump signed into law last month. The plan slashed the corporate tax rate from 35 to 21 percent. The companies say the bonuses they’ve announced are a way to share some of their bounty with their workers. The bonuses are one-time payouts, not the permanent pay raises that Trump and congressional Republicans have said will eventually result from the corporate tax cuts.
The Finance 202: You're not the only one confused about when the tax overhaul takes effect 11.1.2018 Washington Post: Politics
So is Ivanka Trump.
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Less than meets eye: Bonuses, not raises, from US tax cuts 10.1.2018 AP Top News
WASHINGTON (AP) -- American Airlines is handing out $1,000 bonuses to its employees. So are AT&T, Bank of America and Nationwide Insurance. The same for Comcast, JetBlue Airways and US Bancorp....
Wall Street's love of tax cuts drives Dow to 25,000 mark 5.1.2018 AP Business
WASHINGTON (AP) -- Wall Street sure loves the tax bill, even if polls show most Americans don't....
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The economic riddle for 2018: Will the middle and working classes see any gains from the big tax cut? 28.12.2017 LA Times: Commentary

The U.S. economy was the feel-good story of 2017 — the pace of real economic growth rising strongly and the stock market playing out a euphoric high. Corporate profits are at a record high and job growth is moving toward the level that economists consider full employment.

But that came among many...

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What is more outsized, Roger Goodell’s salary or his hubris in asking for more? 15.11.2017 Washington Post
What is more outsized, Roger Goodell’s salary or his hubris in asking for more?
Steve Bannon out as chief White House strategist 18.8.2017 Minnesota Public Radio: Law & Justice
The man who salvaged Donald Trump's campaign but struggled once he reached the West Wing is out as the president's chief strategist.
The Finance 202: Scaramucci's book offers some lessons for President Trump 24.7.2017 Washington Post: Politics
"Hopping over the rabbit hole" says revenge is a dish best not served.
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Here is what Post reporters found in the financial disclosures of top White House aides 1.4.2017 Washington Post: Politics
Here is what Post reporters found in the financial disclosures of top White House aides
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Top Trump economic adviser lists at least $252M in assets: WH 1.4.2017 The Hill
Gary Cohn, the former Goldman Sachs president who is one of President Trump's top economic advisers, reported at least $252 million in assets last year, according to an ethics filing released Friday....
White House wealth: Trump employees disclose their finances 1.4.2017 AP Business
WASHINGTON (AP) -- The White House released financial disclosures for many of its senior officials Friday - a group of some of the wealthiest people ever to join a presidential administration....
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Goldman Sachs Has Been Very Good to Trump's Top Economic Adviser 1.4.2017 Mother Jones
During the presidential campaign, Donald Trump the tycoon railed against big banks, claimed he cared passionately about the little guy, and vowed to make the economy work for struggling middle-class Americans. But after winning, he placed the American economy in the hands of Gary Cohn, the chief operating officer and president of Goldman Sachs. In January, Trump named Cohn chairman of the National Economic Council, the president's top financial and economic whizzes. Cohn would be the highest authority on the economy within the White House. He quit his Goldman Sachs gig, but he left with an estimated $285 million severance package and agreed to sell a $16 million-stake in the Industrial and Commercial Bank of China. Cohn certainly lives in a different economic reality than most Americans, and thanks to financial disclosure forms released on Friday night by the White House—which cover 180 of its officials and staffers—the public can see just how different. In 2015 and 2016, according to the form for Cohn, ...
Stephen K. Bannon, architect of antiglobalist policies, got rich as a global capitalist 1.4.2017 Washington Post: Politics
As a businessman, the top Trump adviser represented a Saudi prince, and received financing from Japanese and French banks.
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