LYCOS RETRIEVER
Goldman Sachs
built 235 days ago
Goldman Sachs is the most geographically diverse of its non-commercial banking peers, such as Morgan Stanley, Merrill Lynch, and Lehman Brothers. As seen in the graph to the right, Goldman derived 46% of its 2006 revenues from the outside the US. This percentage increased to 50% in the first quarter of 2007. In addition to Goldman's long history in China, the firm is firmly entrenched in several other countries, including key emerging markets. In India, Goldman participated in a joint venture for several years and is now significantly expanding its local presence. The firm is ... well established in Japan and various European countries.
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July 6: Investment bank Goldman Sachs is threatened death of hundreds in a letter sent to several newspapers around the country. The company believes the threat was not credible. CNBC’s Brian Shactman reports.
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Investment bank Goldman Sachs has raised its outlook for Chicago wheat futures by 47 percent to $13.50 a bushel after the U.S. Department of Agriculture cut projected 2007/08 U.S. wheat ending stocks. via WTNZ-TV Knoxville
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Goldman Sachs brings you inside the rarefied boardrooms of one of the most secretive Wall Street banking giants. Begun by a German immigrant in the late 1800s as a small family-run business, Goldman Sachs rose to become the world's top investment bank in the 1990s, even without selling stock to the public. It attracted some of the best talent in the business and cultivated an image of superiority and exclusivity. "The Goldman Sachs mystique was born of secrecy and success. Nothing like it exists on Wall Street," writes the author, Lisa Endlich, a former vice president at the firm. But behind that mystique lie tales of being swindled by British media tycoon Robert Maxwell, multimillion-dollar losses on bad trades, and the on-again, off-again attempts to go public.
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As of 2006, Goldman Sachs employed 26,467 people worldwide. It reported earnings of US$9.34 billion and record earnings per share of $19.69.[8] It was reported that the average total compensation per employee in 2006 was US$622,000.[9] However, this number represents the arithmetic mean of total compensation and is highly skewed upwards as several hundred of the top earners command the majority of the Bonus Pools, leaving the median that most employees earn well below this number.[10] The current Chief Executive Officer is Lloyd C. Blankfein. The company ranks #1 in Annual Net Income when compared with 86 peers in the Investment Services sector. Blankfein earned a $67.9 million bonus in his first year. He chose to receive "some" cash unlike present United States Secretary of the Treasury Henry Paulson, his predecessor who chose to take his bonus entirely in company stock.[11]
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Goldman Sachs will establish and fund a Center for Environmental Markets in partnership with academia and civil society. The center will engage in research to develop public policy options for establishing markets around climate change, biodiversity conversation and ecosystem services. Recognizing that climate change cannot successfully be addressed through voluntary action alone, the firm has ... committed to promote regulatory solutions for reducing greenhouse gas emissions.
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