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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...
Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday
Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...
UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...
Eurozone crisis live: Japan's strong growth figures... PM Shinzo Abe's stimulus package could generate feelgood factor needed to end two decades of stagnant growthPhillip Inman
Goldman Sachs chief gets $13m in restricted shares and $5.7m cash bonus on top of his $2m annual salary
Goldman Sachs paid its chief executive, Lloyd Blankfein, $21m last year – and granted him a further $5m in bonus shares in January.
The Wall Street bank handed Blankfein $13.3m (£8.7m) in restricted shares and a $5.7m cash bonus on top of his $2m annual salary last year.
His total 2012 pay was $9m more than in 2011, and the highest since the $68m he received in 2007, before the financial crisis struck.
The payout, disclosed in a filing with the US regulator the Securities and Exchange Commission (SEC), makes Blankfein, 58, the world’s best paid banker.
On top of his annual pay Goldman granted him long-term incentive plan (LTIP) shares worth an additional $5m at today’s share price. But he will have to meet performance targets in order to collect the full amount, and the value of the shares could go up or down.
Blankfein’s top four lieutenants collected a total of $72m in annual pay, bonuses and share options last year.
Gary Cohn, president and chief operating officer, and David Viniar, chief finance officer, both received $19m, while Michael Evans and John Weinberg, both vice-chairmen, collected $17m each.
Cohn, Evans and Weinberg were also each granted LTIP shares worth $4m. But they will not be able to cash them in until at least December 2015.
Goldman paid its bankers an average of $400,000 last year, $30,000 more than in 2011. The total pay, bonuses and perks bill to its 32,400 staff came in at $13bn.
The payroll figures come after the bank, which was dubbed “a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money” by Matt Taibbi in a Rolling Stone magazine article on the bank in 2010, reported a near-doubling of full year net profits to $7.5bn.
Goldman’s compensation committee said the bank’s bosses had “demonstrated exceptional leadership” and “performed extremely well throughout the year and made significant contributions to our firm’s overall success”.
It said Blankfein “continued to be a strong leader who demonstrated considerable commitment to our firm and our clients, as well as a deep and nuanced understanding of the strategic aspects of all our major businesses”.
The bank pointed out the pay was partly based on a “360 review process evaluation”, in which colleagues in all ranks of the business rate each others performance.
The payouts come despite a senior employee attacking it as “morally bankrupt” and revealing that senior Goldman bankers describe clients as “muppets”.
Greg Smith, who was based in London, published his savage resignation letter from the bank in the New York Times.
SAN FRANCISCO, CA–(Marketwire – Mar 22, 2013) – Marin Software Incorporated (
VANCOUVER, BRITISH COLUMBIA–(Marketwire – March 1, 2013) - Helijet International Inc. (TSX VENTURE:HJI) (the “Company”) as previously disclosed in its quarterly disclosure MD&A, Helijet has granted an aggregate of 1,566,400 common share purchase options (“Options”) to employees and management which have a ten year term until September 1, 2022, and of which 311,200 were granted to insiders. All of the Options have an exercise price of $0.10 per share and have vesting requirements over a one year period from September 1, 2012.
Excerpt from: Helijet Grants Options
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Feb. 15, 2013) - Solid Resources Ltd. (“Solid” or the “Company“) (TSX VENTURE:SRW)(OTCQX:SLDRF)(FRANKFURT:YRS) reports that the Company has granted an aggregate of 3,650,000 stock options to directors, officers, employees and various consultants of the Company. The options are at an exercise price of $0.10 per share and valid for a period of five years from the date of the grant, subject to vesting provisions. The options are granted in accordance with the Company’s Stock Option Plan approved by the shareholders on May 30, 2012. The grant of the options has been approved by the Board of Directors and is subject to the final approval of the TSX Venture Exchange.
See the original post here: Solid Resources Grants Stock Options
Category : Stocks
Alkane Resources Ltd. has filed a Home Country News Release – Tomingley Gold Project – Mining Lease granted, construction to commence immediately To view the full release click here (link to PDF).
The US Federal Aviation Administration has granted permission for Boeing to carry out test flights of its 787 Dreamliner planes.
More here: Boeing gets 787 test flight approval
CALGARY, ALBERTA–(Marketwire – Jan. 22, 2013) - MAGNUM ENERGY INC. (“Magnum” or the “Corporation”) (TSX VENTURE:MEN) – Magnum is pleased to announce that it has granted 800,000 stock options to senior technical consultants and to a director of the Corporation at an exercise price of $0.10 per share for a period of 5 years from date of grant.
See more here: Magnum Energy Inc. Announces Granting of Stock Options