Credit Suisse shareholders approve bonuses (AP)
Credit Suisse Group survived a revolt by activist shareholders Friday as the bank's annual meeting in Zurich approved massive bonus payments to top executives following a heated debate. us.rd.yahoo.com |
GS Capital Partners to buy Michael Foods for $1.7B (AP)
The owner of Michael Foods Inc. has reached a deal to sell the bulk of its stake in the maker of Crystal Farms cheeses and All Whites egg products to a private equity unit of Goldman Sachs for $1.7 billion, the companies said Friday. us.rd.yahoo.com |
Looking for the next Lord Levene
[at Financial Times] - Lloyd's chairman Lord Levene is busy with a retail bank start-up, as well as looking for defence ministry cuts for the government, but headhunters at Odgers Berndtson have been scouring for a successor at the insurance market as he looks to retire from that role at the end of 2011. us.rd.yahoo.com |
Goldman pays London bonuses
[at Financial Times] - Goldman Sachs GS has risked reigniting public and political furore over pay after it emerged that the investment bank has handed its top executives in London a one-off share-based bonus potentially worth tens of millions of pounds. us.rd.yahoo.com |
Breaking: KKR buying Goldman
[at Fortune] - Private equity giant KKR  has agreed to acquire the proprietary trading desk of Goldman Sachs , as first reported just a few minutes ago by Dealbook. The move would appear to be in response to the financial reform bill's so-called Volcker Rule. us.rd.yahoo.com |