Goldman Sacks with generous stock bonuses for ten of its executives.
Morgan Stanley increased its stake at Jindal Saw. Warsaw Stock Exchange
head Ludwik Sobolewski suspended from its position.
Goldman Sachs Group Inc. gave
to ten of its executives bonuses of company’s stocks, valued at tens of
millions of dollars. Among the rewarded officials are Chief Executive
Lloyd Blankfein, COO Gary Cohn, Vice Chairmen Michael Evans and John
Weinberg, Edith Cooper- Global Head of Human Capital Management, Chief
of Staff John Rogers, General Counsel Greg Palm, Global Head of
Compliance Alan Cohen and Chief Accounting Officer Sarah Smith, together
they received 508,104 shares. The news was announced in filling to the
US SEC.
On Monday the executives sold 245,838 of the stocks to pay taxes, as
the price was $126.24 per share, keeping the rest valued at $33.1
million. The company said that these bonuses are not for 2012
particularly, but also for the years before. In 2012 company’s shares
rose 41% to $127.56 at the end of the year.
Goldman Sachs Group Inc. gave
to ten of its executives bonuses of company’s stocks, valued at tens of
millions of dollars. Among the rewarded officials are Chief Executive
Lloyd Blankfein, COO Gary Cohn, Vice Chairmen Michael Evans and John
Weinberg, Edith Cooper- Global Head of Human Capital Management, Chief
of Staff John Rogers, General Counsel Greg Palm, Global Head of
Compliance Alan Cohen and Chief Accounting Officer Sarah Smith, together
they received 508,104 shares. The news was announced in filling to the
US SEC.
On Monday the executives sold 245,838 of the stocks to pay taxes, as
the price was $126.24 per share, keeping the rest valued at $33.1
million. The company said that these bonuses are not for 2012
particularly, but also for the years before. In 2012 company’s shares
rose 41% to $127.56 at the end of the year.
Indian pipe maker Jindal Saw
announced on Wednesday that Morgan Stanley has increased its share in
the company to more than 5%, adding new 2.44% bought on the open market.
The fund house had more than 8 million shares or 2.95% before the new
transaction held on December 31. Morgan Stanley added 6.7 million new
shares or 2.44% stake of the Indian company. Concerning the bulk deal
data, Morgan Stanley has paid an average price of 125.65 Rupees per
share.
The first trading day of 2013 was positively
influenced by the deal reached on the fiscal cliff. The new plan
includes higher taxes for well-to-do Americans and keeps most of the
Bush tax cuts. The automatic spending cuts will take effect on 1st of
March. On Wednesday US stock futures raised sharply after investors were
emboldened for a future bail out and escape from recession. However the Congress will soon have to take a decision to raise the
debt ceiling and find out solutions for the coming spending cuts and
federal budget.