Finance Goldman Sachs slashes CEO’s pay by 30% to $25mDavid Solomon conceded the firm pushed too quickly to expand as it embarked on one of its biggest rounds of job cuts ever this year
The Big Picture Vincent Boland: Goldman Sachs is first of many forced to rein in lavish cost base The titan of Wall Street leads investment banks’ move to cut spending as outlook for global financial industry worsens
Finance Goldman Sachs to lay off 3,200 workers in biggest ever round of job cutsManagers across firm are expected to start cuts mid week as the company said it is preparing to weather headwinds
Up for Debate Up for debate: The best from the Business Post’s columnistsInsightful analysis of the main developments in business and politics from our team of writers, including Matt Cooper, Elaine Byrne and Dan O’Brien
The Big Picture Vincent Boland: Is Goldman Sachs facing its own bonfire of the vanities?The travails of the old titan of Wall Street suggest that investment banking has peaked and that it, and the bank, may soon face a reckoning
John Walsh: Extortionate levels of bankers’ pay will cost us in the long runInflated salaries for investment bankers lures talent from sectors that offer wider societal benefit, as well as creating the conditions for the emergence of the next ‘risk-free’ financial scheme to firebomb the global economy
Goldman Sachs unveils Amazon-backed cloud service for hedge fundsThe multinational investment bank is entering the cloud computing business to help asset managers and hedge funds access data faster and easier
Revenue rockets to $780m at Goldman Sachs’s Dublin officeThe Wall Street behemoth’s Irish office is responsible for investment fund manager duties for the group’s European domiciled funds
Lucinda Creighton: Forget the exercise bike, the ‘perk’ your staff need is quality of life Workers at prestigious companies are receiving expensive gifts in thanks for 100-hour work weeks when what they really need is for more staff to be hired
Analysis: Why did Goldman Sachs buy Blanchardstown Shopping Centre? A tough retail environment, including strong competition and the rise of online shopping, awaits but the bank will still expect a return on its investment