Glass Lewis recommends to shareholders not to vote for proposed executive compensation package. According to proxy advisory firm Glass Lewis, shareholders of Goldman Sachs Group Inc should vote against the proposed executive compensation as the board has 'failed to link pay with performance'.
Firm Management
HgCapital Pulls Schleich Out of the Market
HgCapital pulls toymaker Schleich out of the market. HgCapital. the European equity group, has halted the sale of German toy company Schleich. Schleich manufactures miniature animal figures and popular blue toys called Smurf.
ADIA Appoints New Infrastructure Division Head
ADIA appoints John McCarthy to head its global division for infrastructure investments. One of the world's biggest sovereign wealth funds, the Abu Dhabi Investment Authority announced the appointment of John McCarthy as global division head of infrastructure.
Edwards Wildman to Open Office in Istanbul
Edwards Wildman to partner with Ismen Law Firm of Istanbul. The law firm of Edwards, Wildman and Palmer LLP, gladly unveiled to the public its plan to extend its office to Istanbul and work closely with Ismen Law Firm depending on the regulatory consent by the Istanbul Bar Association.
Third Point Seeking Break Up of Sony
Third Point's Daniel S. Loeb is seeking the break up of Sony into separate parts for more focused business and profit.
Latest News
KeyCorp CFO to retire soon. KeyCorp disclosed today that current Chief Financial Officer Jeffrey B. Weeden has notified the company of his intent to retire after almost 11 years in the firm.
The new president of Sharp Corp is to be announced together with its earnings report for the year ending March 31, 2013.
Coleman Cannon adds his expertise to the San Francisco office of Silicon Legal Strategy. Silicon Legal Strategy disclosed today the addition of Coleman Cannon as Senior Associate in its San Francisco headquarters.
Jeff Richard appointed EVP and CFO for Checkpoint Systems. In an announcement on Monday at 11:00am EST of Checkpoint Systems, it disclosed the appointment of Jeff Richard as the new Executive Vice President and Chief Financial Officer to take effect on the 28th of May 2013.
Glencore Xstrata decides on work stoppage to cut costs amidst falling demand and declining prices for coal in the world market.
Carson Block is on the attack against the debt portfolio of Standard Chartered bank. Carson Block is hedging against the debt portfolio of Standard Chartered Plc, saying that the UK bank is earning most of its profits from Asia due to its loan quality deterioration.
Ji-Yeun Lee, the deputy head of investment banking for Morgan Stanley leaves the firm. The deputy head of investment of Morgan Stanley has left the firm.
Win Bischoff is retiring as chairman of Lloyds Banking Group according to the Financial Times. As reported in the Financial Times, the chairman of the Lloyds Banking Group Win Bischoff is stepping down.
Jack Ma, the Chinese billionaire steps down as Alibaba's CEO. Jack Ma, the Chinese Internet billionaire whose fortune comes from the decade long development of China's largest e-commerce company, the Alibaba Group.
