Hints and tips:
...It’s unclear what Scherr plans to do next....
...Stephen Scherr has stepped down as chief executive of car rental chain Hertz....
...David Thomas is becoming head of legal for global markets at Citadel’s hedge fund unit while David Rusoff is joining Citadel’s market-making arm as chief legal officer....
...“We are embracing the bank model,” said then chief financial officer Stephen Scherr, during a presentation to investors. “We believe this will be an important source of future upside for the firm.”...
...These include chief financial officer Stephen Scherr, co-head of investment banking Gregg Lemkau, and co-head of asset management Eric Lane....
...Earlier this month, in front of massed rows of Goldman Sachs partners at a controversial private meeting in Miami, chief executive David Solomon performed a rare mea culpa....
...Not long after becoming the chief executive of Goldman Sachs in 2018, David Solomon asked for a private plane. It was a controversial request....
...bank’s current leader, David Solomon....
...Glass Lewis has taken issue with the decision by Goldman in October to grant performance-based stock worth $30mn to chief executive David Solomon and $20mn in stock for group president John Waldron....
...Scherr, 57, is a 28-year Goldman veteran who was appointed CFO in 2018....
...“David has instilled in the organisation in his first three years the preoccupation of the client....
...Goldman’s plans for the business highlight how David Solomon, the bank’s chief executive since 2018, has been sacrificing potentially lucrative but riskier parts of its operations in hopes of boosting its...
...Stephen Scherr, Goldman’s finance chief, said the bank had not sustained losses....
...Goldman Sachs also announced the pay of chief operating officer John Waldron, who earned $18.5m for 2020, and chief financial officer Stephen Scherr, who earned $15.5m....
...Job moves Goldman Sachs has appointed Denis Coleman, currently co-head of its financing group, as its chief financial officer, succeeding Stephen Scherr, who will retire at the end of January....
...But as Goldman finance chief Stephen Scherr pointed out to an analyst, the effective compensation ratio remained identical to where it was last year....
...Board member David Viniar had also co-operated with the bank’s requests....
...Some of the $175m being clawed back involves executives still at Goldman, including current chief executive David Solomon....
...Mr Scherr told analysts that the surge in trading revenues stemmed partly from gaining market share, which Goldman hopes to hold on to....
...Goldman’s chief financial officer Stephen Scherr said the “opportunity set” for markets revenue in 2021 was not as strong as it was last year....
...Some $31m will be cut from the 2020 pay packets of Mr Solomon, chief operating officer John Waldron, chief financial officer Stephen Scherr and Goldman Sachs International boss Richard Gnodde....
...I don’t view that as permanent,” David Solomon, Goldman Sachs chief executive, told analysts....
...Mr Waldron’s compensation rose $4.5m to $24.5m while Mr Scherr’s was up by the same amount to $18m....
...“The strategic direction we laid out for the firm remains no less compelling,” David Solomon, chief executive, said....
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