Hints and tips:
...The resolution removes one of the main issues facing new chief executive Ted Pick, who took over from James Gorman at the start of the month....
...Additional contributions from Gary Jones and Benjamin Wilhelm...
...There are big paychecks still to be had in some corners of the Wall Street investment banks, explains Gary Goldstein, chief executive of Whitney Group, a longtime Wall Street recruiter....
...Former Joele Frank public relations executives including Scott Bisang, Jim Golden and Jude Gorman and former Bloomberg reporter Ed Hammond have launched communications advisory firm Collected Strategies....
...Rebecca Gorman of Aligned AI, argues the same in a letter to the FT....
...Gorman earned a base salary of $1.5m, an $8.375m cash bonus, $5.025m in a deferred equity award and a performance-based stock bonus worth $20.1m....
...Solomon’s 2021 pay was about the same as that received by James Gorman, chief executive of Morgan Stanley, Goldman’s traditional investment banking rival....
.../ From Rebecca Gorman, Founder and Chief Executive, Aligned AI Oxford, UK I’s God-like power is a Big Tech narrative that needs calling out / From Mhairi Aitken, Ethics Fellow, Public Policy Programme,...
...gary.silverman@ft.com...
...The three bankers were joined before the Senate banking committee by fellow chief executives Jamie Dimon of JPMorgan Chase, David Solomon of Goldman Sachs and James Gorman of Morgan Stanley....
...Read more: Amanda Gorman, the youngest-ever inaugural poet at 22 years old, read “The Hill We Climb”, which reflected on the riot at the Capitol....
...Morgan Stanley boss James Gorman got a $2m pay rise, to $29m, last year, while JPMorgan Chase boss Jamie Dimon enjoyed a $1.5m pay rise to $31m....
...Mr Gorman, who turns 60 at the weekend, is unlikely to leave soon....
...At Goldman Sachs, the departure of COO and president Gary Cohn has focused attention on his two successors: David Solomon, former co-head of investment banking, and Harvey Schwartz, ex-CFO....
...This was typical stuff from Goldman, several shades stronger than remarks from other senior executives such as James Gorman, chairman and chief executive of Morgan Stanley which reported a day earlier....
...The pay cut for Mr Gorman, meanwhile, came after the bank missed a couple of the strategic goals he had set out....
...Gary Cohn, the chief operating officer....
...“I don’t think [shadow banks] are doing things that are bad,” says James Gorman, chief executive of Morgan Stanley. “The major areas are around private equity and trading distressed assets....
...Gary Cohn, chief operating officer at Goldman, calls this decline “the most fascinating chart”....
...His fellow chief executives, including Vikram Pandit of Citigroup and James Gorman of Morgan Stanley, took conference calls to explain their weak results....
...Gary Cohn, Goldman’s president, will be paid $1.85m this year, also up from $600,000....
...For instance, Jamie Dimon, the CEO of JPMorgan Chase, received compensation of $24m while James Gorman, the CEO of Morgan Stanley received $10.5m....
...Mr Lynch, after all, had himself been Morgan Stanley’s general counsel until the investment bank’s new chief executive, James Gorman, brought in another top lawyer....
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